Donald Trump’s cryptocurrency adviser David Bailey says he’s preparing to purchase $762 million worth of Bitcoin this week – www.naijnaira.com reports.
The acquisition, expected to secure around 6,400 BTC, will be executed by his company Nakamoto Inc.
“This has always been my dream — to smash buy a billion dollars’ worth of Bitcoin in one shot,” Bailey said.
He confirmed the amount is closer to $762 million, not a full billion.
The buy will follow a Volume Weighted Average Price strategy to avoid shaking the market.
Bailey also revealed plans to raise up to $200 million for a Bitcoin-focused political action committee.
Nakamoto recently adopted the American bullfrog as its mascot, symbolizing aggressive Bitcoin accumulation.
Corporate Bitcoin holdings have surged, with over 221 organizations now holding more than 1.24 million BTC.
Article updated 3 weeks ago. Content is written and modified by multiple authors.
