tl;dr
Nakamoto Holdings CEO David Bailey announced plans to purchase $1 billion worth of Bitcoin to hold on the company’s books, aiming to become one of the largest corporate Bitcoin holders. The purchase is expected as early as Tuesday, with the company currently holding 21 BTC valued at about $2.5 milli...
Nakamoto Holdings’ CEO, David Bailey, has announced plans for a staggering $1 billion purchase of Bitcoin (BTC) to be held on the company’s books. Bailey revealed on the social media platform X that he intends to make this ten-figure Bitcoin purchase as early as Tuesday, fulfilling a long-held dream of executing a massive single bid acquisition. He emphasized the significance of this move by stating, “Gotta start dreaming bigger,” and mentioned that there will be footage capturing the purchase moment.
Bailey outlined that Nakamoto Holdings aims to become one of the largest corporate holders of Bitcoin, describing the firm’s strategy as unique and promising to reveal why they will emerge as a top Bitcoin holder once set in motion. “We’re building a Bitcoin juggernaut,” he declared. Nakamoto was launched earlier this year as a Bitcoin investment company and later merged with Kindly MD, Inc. (NAKA), a prominent healthcare services provider.
Currently, Nakamoto ranks 110th among publicly traded companies in terms of Bitcoin holdings, owning 21 BTC valued at approximately $2.5 million. By contrast, the top holder is Michael Saylor’s MicroStrategy (MSTR), which holds 628,946 BTC, valued at around $75.765 billion. Bailey’s expertise includes having advised former President Trump on Bitcoin during his campaign, and he holds a bullish outlook on BTC’s future. According to him, “Bitcoin will become the most valuable asset in human history,” and Nakamoto’s strategy is clear: “get as many as you can, as fast as you can.”
At the time of writing, Bitcoin trades at $120,322, having increased by 1.2% in the past 24 hours, underscoring growing momentum in the cryptocurrency market as Nakamoto prepares for this historic acquisition.