David Bailey, the head of bitcoin treasury firm Nakamoto, has announced plans to form a new political action committee (PAC) and intends to raise between $100 million and $200 million to advance bitcoin priorities and become part of the bitcoin voter platform.
Bailey said he wants the PAC to be based on Nakamoto, which plans to buy hundreds of millions of dollars in bitcoin by Aug. 11, even though Nakamoto currently holds only 21 bitcoins. Bailey has already raised about $1 billion to invest in bitcoin, and the funds from this new PAC will be used to influence the 2026 U.S. midterm elections. Its budget could be close to 4% of the total spending of the super PAC.
Bitcoin Treasurer David Bailey Plans to Raise $200 million for New Political Action Committee
2025-08-05 01:22:53
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
