Bitcoin Magazine CEO plans to set up Bitcoin investment firm and raise $300 million
it is reported that David Bailey, who served as Donald Trump's cryptocurrency policy advisor during his 2024 campaign, is raising $300 million to establish a publicly traded Bitcoin investment company.
Previously, several companies have acquired cryptocurrencies, trying to replicate the success of Michael Saylor's Strategy, which has transformed into a Bitcoin investment company. Bailey is raising $200 million through private placements and convertible bonds.
David Bailey is the CEO of Bitcoin Magazine and has recently been appointed as a member of the strategic advisory committee by Metaplanet.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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