David Bailey to Buy $762 Million in Bitcoin, Aiming for Top Holder Status

Prominent Bitcoin advocate and Trump crypto advisor David Bailey is poised to make one of the largest single-day purchases in cryptocurrency history, aiming to acquire a staggering $762 million worth of Bitcoin. Bailey will use a strategy known as Volume Weighted Average Price (VWAP) to execute the buy, which would secure roughly 6,400 BTC at current prices around $118,617 per coin. This ambitious move comes after Bailey expressed his long-held dream of buying $1 billion worth of Bitcoin in a single bid, a goal he now plans to achieve on Tuesday. His firm Nakamoto Inc., CEO of which is Bailey, will use this strategy to solidify its position among the world’s top Bitcoin holders. Bailey anticipates significant gains from his purchase and believes it will put Nakamoto at the forefront of the crypto space.