According to people familiar with the matter, David Bailey, who served as a cryptocurrency policy advisor to Donald Trump during his 2024 campaign, is raising $300 million to launch a publicly traded bitcoin investment firm.
Previously, several companies have acquired cryptocurrencies in an attempt to replicate the success of Michael Saylor's Strategy, which has transformed into a bitcoin investment firm, and Bailey is raising $200 million through private placement of new shares and convertible bonds.
It is reported that David Bailey is the CEO of Bitcoin Magazine and was recently appointed to the Strategic Advisory Board by Metaplanet.
Bitcoin Magazine CEO Plans to Launch Bitcoin Investment Firm and Raise $300 million
2025-05-07 15:26:38
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