David Bailey, a top crypto adviser to Donald Trump and CEO of BTC Inc., has raised $300 million to launch a new Bitcoin investment firm called Nakamoto, according to CNBC. Named after Bitcoin’s mysterious creator, the venture aims to become a publicly traded company that acquires and holds BTC as its core asset.

The funding reportedly includes $200 million in equity and $100 million in convertible debt, secured from high-profile investors. Though still under wraps, Nakamoto is expected to go public this summer through a merger with a Nasdaq-listed company. Bailey has not publicly commented on the deal, but activity behind the scenes suggests a major announcement is imminent.

Nakamoto plans to follow a strategy similar to that of Michael Saylor’s MicroStrategy, which pivoted into a major Bitcoin-holding corporation. The firm will also pursue international acquisitions, targeting markets in Brazil, Thailand, and South Africa, and will use Bitcoin within its capital structure to expand operations.

The venture arrives amid a flurry of institutional interest in Bitcoin. On April 24, Twenty One Capital, backed by Strike founder Jack Mallers and major players like Tether and SoftBank, revealed its ambitions to surpass MicroStrategy in Bitcoin exposure. On May 7, Strive Asset Management announced its transformation into a Bitcoin treasury firm with plans to issue $1 billion in equity and debt to buy BTC.

The rapid emergence of firms like Nakamoto signals a new wave of institutional Bitcoin adoption. “The pace of these new BTC companies launching is accelerating,” said crypto influencer TylerD. As traditional finance and political insiders move deeper into crypto, Bitcoin’s role in global investment continues to grow.