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Bitcoin Treasurer David Bailey Plans to Raise $200 million for New Political Action Committee
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 raised about $1 billion to invest in bitcoin,...
2025-08-05 01:22:53
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