1 month ago
David Bailey, CEO of BTC Inc., the proprietor of Bitcoin Magazine, is readying to motorboat a publically traded bitcoin (BTC) investing company, The Information reported, citing radical acquainted with the matter.
Bailey, who advised Donald Trump connected crypto argumentation during his 2024 statesmanlike campaign, is reportedly seeking $200 cardinal done a backstage stock merchantability and an further $100 cardinal successful convertible indebtedness to money a tiny publically traded steadfast to bargain bitcoin.
The company—whose sanction is not known yet—will merge with BTC Inc. and beryllium named “Nakamoto” aft bitcoin creator Satoshi Nakamoto, according to the people. The woody could beryllium announced arsenic soon arsenic adjacent week.
His plans travel those of respective different companies, gathering connected the occurrence of Strategy enforcement president Michael Saylor, who was capable to propulsion the company's banal terms by implicit 3,000% since holding bitcoin arsenic its main treasury reserve plus and rebranding it arsenic a bitcoin strategy company.
Last month, powerhouses SoftBank, Tether and Cantor Fitzgerald announced a $3.6 cardinal bitcoin concern conveyance with the volition to bargain bitcoin. Earlier today, Strive Asset Management said it was merging with Asset Entities to go a publically traded bitcoin plus absorption company.
English (US) 