Prominent crypto advocate David Bailey, who previously advised US President Donald Trump on crypto policy, plans to purchase $762 million worth of Bitcoin as early as Tuesday. Bailey shares his ambitious goal to buy $1 billion in Bitcoin, stating his strategy involves a Volume Weighted Average Price (VWAP) approach for minimizing market disruption and slippage. Bailey is the CEO of Nakamoto Inc., a company specializing in Bitcoin-native holdings, and co-founded Bitcoin Magazine’s parent company, BTC Inc. He anticipates achieving significant Bitcoin ownership through this investment. Bailey has a long-standing history with crypto advocacy, serving as a Trump advisor during his presidential campaign and aiming to raise $200 million for a political action committee (PAC) to promote Bitcoin in the US. Notably, Bailey’s firm recently secured a substantial investment of $51.5 million through a public equity deal.