The landscape of corporate finance is witnessing a significant shift as major entities increasingly explore Bitcoin as a primary reserve asset. Joining this movement, a prominent figure with ties to the current U.S. administration is spearheading a new publicly traded investment firm dedicated to the pioneering cryptocurrency.
Introducing Nakamoto: A New Bitcoin-Focused Investment Vehicle
David Bailey, known for his role as CEO of BTC Inc. and as a cryptocurrency advisor to U.S. President Donald Trump during the 2024 election campaign, is reportedly preparing to launch a public investment company named Nakamoto. According to sources cited by The Information, this venture will concentrate on acquiring and holding Bitcoin as its core asset. The firm has purportedly secured $300 million in funding. This capital comprises $200 million in equity raised from private investors and an additional $100 million in convertible debt.
The new entity, which is yet to be officially announced, will emerge from a merger with BTC Inc. and will adopt the name “Nakamoto“ in homage to Bitcoin’s pseudonymous creator, Satoshi Nakamoto. The deal, which has reportedly been in development since January 2025, is anticipated to be formally revealed later in May 2025.
Public Listing and Strategic Operations
Nakamoto is aiming for a public listing on the Nasdaq exchange in the summer of 2025. An anonymous source familiar with the deal stated, “This will be a public company that will invest exclusively in Bitcoin and related assets.“
The company’s strategy includes acquiring businesses globally, with initial targets in regions such as Brazil, Thailand, and South Africa. Following acquisition, Nakamoto intends to inject capital into these entities primarily in the form of Bitcoin. Furthermore, the advisory board for Nakamoto is expected to include influential personalities from both traditional finance and the cryptocurrency sector.
Following a Trailblazing Path
Bailey’s initiative mirrors the approach taken by Michael Saylor, the executive chairman of Strategy (formerly MicroStrategy). Strategy famously pivoted to a Bitcoin-centric treasury strategy in 2020, becoming a trailblazer in corporate Bitcoin adoption. Strategy has since accumulated a significant Bitcoin treasury, holding over half a million coins, which has substantially appreciated in value. During a Strategy World event, Saylor highlighted that the company’s Bitcoin reserves, valued at over $52 billion, represented a more than 200-fold increase from an initial $250 million investment made five years prior.
This move by Bailey comes at a time when market analysts, such as those at Bernstein, project substantial growth in corporate Bitcoin investments, forecasting up to $330 billion in allocations by 2029.
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