On the 12th (local time), Cointelegraph reported that David Bailey, a cryptocurrency policy adviser to Trump,
Bailey, through Nakamoto Inc., plans to purchase 6,400 BTC worth $762 million this week.
Bailey, a Bitcoin supporter who has served as an advisor to President Trump on cryptocurrency policy, said on the 12th, "I started Bitcoin.
"Since the beginning, it has been my dream to buy $1 billion worth of Bitcoin in a single order," he said, adding, "Tomorrow, that dream becomes a reality."
He did not buy the car in bulk at market price, but at a volume-weighted average price (VW
He said he plans to employ a "high-value (AP)" strategy, which involves splitting large orders into multiple smaller trades to minimize price fluctuations and market impact.
Bailey is CEO of bitcoin-focused investment firm Nakamoto and an editor at Bitcoin Magazine.
He said, "Nakamoto has a unique strategy that makes it clear why we are the largest Bitcoin holder in the world."
"We're building a Bitcoin dinosaur," he said. Meanwhile, Bailey served as an advisor to President Trump's presidential campaign and
He is credited with playing a key role in shifting the country's policies to be more pro-Bitcoin. Earlier this month, he announced that he had raised $200 million for his Bitcoin-related political action committee (PAC).
He revealed his plans to set up a PAC with a budget of $100 million to $200 million, with Nakamoto at the core, to promote Bitcoin-first policies, saying, "I've learned a lot about how politics works. I'll set up a PAC with a budget of $100 million to $200 million, with Nakamoto at the core, to promote Bitcoin-first policies."
2025/08/13 12:40 KST
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