Bitcoin Purchase Alert: $762M BTC Buy Set by Nakamoto Inc. CEO
David Bailey, a longtime Bitcoin advocate and advisor to former U.S. President Donald Trump on crypto policy, has announced plans to purchase $762 million worth of Bitcoin. The buy could take place as early as Tuesday, according to Bailey’s public statements.
The purchase, which would equate to around 6,400 BTC at current market prices (approximately $118,903 per BTC), will be executed using a Volume Weighted Average Price (VWAP) strategy. This method splits large orders into smaller trades to reduce market disruption and avoid price slippage.
Bailey, the CEO of Nakamoto Inc. and co-founder of Bitcoin Magazine’s parent company BTC Inc., described the move as part of a broader strategy to become one of the largest Bitcoin holders globally. He referred to the upcoming acquisition as a step toward building a “Bitcoin juggernaut.”
Political Ties and Bitcoin Advocacy
Bailey played a key role in shaping former President Trump’s stance on Bitcoin during his 2024 campaign. Earlier this month, he revealed plans to raise between $100 million and $200 million for a political action committee (PAC) aimed at advancing Bitcoin policy in the U.S. He indicated the PAC would be anchored by Nakamoto Inc.
Corporate Moves and Market Trends
Nakamoto Inc. also revealed a new company mascot — a bullfrog — symbolizing adaptability and aggressive Bitcoin accumulation. In June, the firm raised $51.5 million through a private equity deal, boosting its buying power.
Meanwhile, corporate interest in Bitcoin continues to rise. Data from BitcoinTreasuries.NET shows that 221 public and private companies now hold over 1.24 million BTC combined, with 17 new organizations adding Bitcoin to their treasuries in the past month alone.
