David Bailey, CEO of BTC Inc., has raised $300 million to launch the Nakamoto investment fund focused on Bitcoin.
The Vision Behind Nakamoto
The Nakamoto fund, inspired by Bitcoin’s mysterious creator Satoshi Nakamoto, aims to become a public company that acquires and holds Bitcoin as a core part of its operations. The startup raised $200 million in equity and $100 million in convertible debt in a funding round that has been ongoing since January.
Bitcoin Acquisition Strategy
The fund plans to follow the path paved by companies like MicroStrategy under Michael Saylor. Nakamoto intends to acquire companies globally, including in regions like Thailand, South Africa, and Brazil, while leveraging Bitcoin as part of its capital structure. The firm is backed by notable investors and includes several high-profile financial and crypto experts on its advisory board.
Trend of Crypto-Focused Firms Going Public
Amid the growing interest in Bitcoin from institutional investors, firms like Twenty One Capital and Strive Asset Management are also shifting towards crypto-based treasury management. In April, Twenty One Capital, led by Strike founder Jack Mallers, announced its intention to become the go-to vehicle for efficient Bitcoin exposure. Shortly after, Strive Asset Management revealed plans to go public via a reverse merger and raise $1 billion to purchase Bitcoin.
The Nakamoto fund, led by David Bailey, adds to the accelerating wave of institutional investments in Bitcoin, highlighting the growing role of digital assets in corporate finance.
