Overview

• David Bailey has raised $300 million, comprised of $200 million in equity and $100 million in convertible debt, to launch a bitcoin investment company named Nakamoto.
• Nakamoto will focus on acquiring and holding bitcoin as its primary asset, following a model popularized by Michael Saylor's Strategy (formerly MicroStrategy).
• The company plans to merge with a Nasdaq-listed shell company, with an announcement expected early next week.
• A public listing for Nakamoto is targeted for this summer, positioning the firm as a key player in the institutional bitcoin investment space.
• Nakamoto aims to expand globally by acquiring businesses in Brazil, Thailand, and South Africa, integrating bitcoin into their operations.