Bitcoin advocate and Trump crypto adviser David Bailey has revealed plans to acquire $762 million worth of Bitcoin as early as Tuesday, marking one of the largest single-day buys in the asset’s history.
Bailey, CEO of Bitcoin-native holdings firm Nakamoto Inc. and co-founder of Bitcoin Magazine’s parent company BTC Inc., said the purchase would be executed using a Volume Weighted Average Price (VWAP) strategy. This method splits the order into smaller trades to reduce market slippage, rather than a straight market buy. At current prices of around $118,617 per coin, the move would secure roughly 6,400 BTC.
Ever since getting into Bitcoin I’ve always had this dream of smash buying $1b of bitcoin in a single bid. Tomorrow that dream comes true.
Gotta start dreaming bigger
— David Bailey🇵🇷 $1.0mm/btc is the floor (@DavidFBailey) August 11, 2025
“Ever since getting into Bitcoin, I’ve always had this dream of smash buying $1 billion of Bitcoin in a single bid. Tomorrow, that dream comes true.”
Bailey said on Monday, adding that Nakamoto’s strategy would position it among the largest Bitcoin holders worldwide.
“We have a one-of-a-kind strategy at Nakamoto; once you see it in action, you’ll understand why we’ll be one of the top holders of Bitcoin in the world,”
he said in another post, adding
“We’re building a Bitcoin juggernaut.”
The announcement comes just weeks after Bailey signaled ambitions to raise between $100 million and $200 million for a political action committee (PAC) aimed at advancing Bitcoin-related policy in the United States, anchored by Nakamoto. He played a key advisory role in shaping Donald Trump’s recent pro-Bitcoin stance during the presidential campaign.
In June, Nakamoto secured $51.5 million through a private placement in a public equity deal with its merger partner KindlyMD. On Monday, the company also unveiled a new bullfrog mascot — symbolizing, according to Bailey, a “legendary treasure hoarder” and “apex predator” focused on increasing Bitcoin per share.
Bailey’s move comes amid a surge in institutional adoption. Data from BitcoinTreasuries.NET shows at least 17 organizations have added Bitcoin to their reserves in the past month, bringing the total number of public and private companies holding BTC to 221, with a combined stash exceeding 1.24 million coins.
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