Overview
- Bailey’s initial $1 billion claim was a rounded figure and the actual committed capital stands at roughly $760 million.
- The merger with Nasdaq-listed Kindly MD is set to close imminently, giving the new public company access to capital earmarked for Bitcoin acquisitions.
- Nakamoto currently holds just 21 BTC and could add over 6,400 coins at current prices, propelling it into the upper ranks of corporate holders.
- Executives plan to execute the bulk purchase via a volume-weighted average price algorithm to limit market impact, though timing and regulatory clearances remain pending.
- Bailey’s role as a crypto adviser to President Trump and his plans for a pro-Bitcoin political action committee highlight the venture’s political as well as financial objectives.