David Bailey, CEO of BTC Inc. and a prominent crypto advisor to former President Donald Trump, has launched a new bitcoin investment company called Nakamoto. The venture, raising $300 million in funding, will merge with an existing Nasdaq-listed firm in the coming days, with plans for an IPO this summer. Nakamoto intends to acquire global businesses across regions such as Brazil, Thailand, and South Africa, while holding large amounts of bitcoin. Inspired by the model popularized by Michael Saylor, Nakamoto’s strategy involves acquiring and retaining significant amounts of Bitcoin as a core investment asset. 2023’s growing interest in these types of bitcoin-focused firms coincides with Jack Mallers’