Trump's Bitcoin advisor David Bailey to execute $1B Bitcoin buy

Key Takeaways

• Nakamoto Holdings' founder says $1B Bitcoin purchase is imminent.
• He plans to use VWAP trading to minimize market impact.

David Bailey, CEO of Bitcoin Magazine and Bitcoin advisor to US President Donald Trump, says that his dream of buying $1 billion worth of Bitcoin will come true tomorrow.

“Gotta start dreaming bigger,” he wrote on X on Monday.

Bailey’s comments come after Nakamoto Holdings, the Bitcoin-native company he founded earlier this year in partnership with KindlyMD, raised more than $51 million through a private investment in public equity (PIPE) deal to expand its Bitcoin treasury.

The deal, announced in June, has increased the firm’s total capital earmarked for Bitcoin purchases to $763 million.

“It’s $760M on day one, with more to come,” Bailey said in response to X users’ questions about the upcoming BTC purchase.

Bailey had unveiled plans to raise up to $200 million to establish a political action committee focused on promoting Bitcoin’s interests in the US.

The PAC, potentially anchored by Nakamoto Holdings, seeks to support pro-Bitcoin political candidates and initiatives, including ambitious goals like driving the Bitcoin price to $10 million and fostering long-term strategic positions for the digital asset.