Trump Adviser to Buy $762M in Bitcoin This Week

Donald Trump’s crypto adviser David Bailey plans to purchase $762M worth of BTC via Nakamoto Inc., adding 6,400 BTC to corporate holdings.

Massive Bitcoin Acquisition by Nakamoto Inc.

David Bailey, CEO of Nakamoto Inc. and crypto adviser to U.S. President Donald Trump, announced plans to acquire $762 million in Bitcoin as early as Tuesday. The purchase will total around 6,400 BTC at current market prices.

Bailey said the buy will use a Volume Weighted Average Price (VWAP) strategy, breaking the large order into smaller trades to reduce slippage and avoid sudden price movements.

Political Influence and Bitcoin Advocacy

A prominent Bitcoin advocate, Bailey was instrumental in shaping Trump’s pro-Bitcoin stance. Earlier this month, he revealed plans to raise $100M-$200M for a political action committee (PAC) aimed at advancing Bitcoin’s interests in the United States.

Nakamoto Inc. recently adopted a bullfrog as its mascot, described by Bailey as a “legendary treasure hoarder and apex predator willing to consume anything that grows our Bitcoin per share.”

Corporate Bitcoin Holdings on the Rise

Data from BitcoinTreasuries.NET shows that at least 17 organizations have added BTC to their treasuries in the past month. The total number of public and private companies holding Bitcoin now stands at 221, with a combined 1.24 million BTC.

Bailey says his acquisition strategy will make Nakamoto one of the largest corporate Bitcoin holders globally, cementing its role as a major player in the cryptocurrency market.