David Bailey, an advisor to former US President Donald Trump and CEO of BTC Inc., has raised $300 million to launch a Bitcoin investment firm named Nakamoto. The firm plans to go public through a merger with a Nasdaq-listed company, targeting a summer debut. The investment round consists of $200 million in equity and $100 million in convertible debt. Although the official announcement about the fundraising is pending, Bailey is said to have high-profile investors involved. Nakamoto's strategy mirrors that of established Bitcoin companies and will focus on global acquisitions while utilizing Bitcoin in its capital structure. Additionally, the firm aims to tap into institutional interest in Bitcoin, following other recent major fundraising announcements in the crypto industry. The firm intends to further grow its investments by leveraging its stock to accumulate Bitcoin, identifying itself as a player in a rapidly expanding market for institutional cryptocurrency ventures.

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