David Bailey, CEO of Bitcoin Magazine and Bitcoin advisor to U.S. President Donald Trump, has announced that his long-anticipated plan to purchase $1 billion worth of Bitcoin will be realized.
In a post on X, Bailey remarked, “Gotta start dreaming bigger,” signaling confidence and ambition for the move.
The announcement follows months of preparation by Nakamoto Holdings, a Bitcoin-native company Bailey co-founded earlier this year in partnership with KindlyMD.
The acquisition is expected to be one of the most significant single Bitcoin purchases in recent memory and could have a notable short-term impact on the cryptocurrency market.
Nakamoto Holdings’ Capital Expansion Fuels Massive BTC Buy
The funds for this monumental purchase come from a series of capital-raising efforts, the latest being a $51 million private investment in public equity (PIPE) deal, announced in June.
The recent development brought Nakamoto Holdings’ Bitcoin acquisition budget to $763 million, which Bailey humorously referred to as “$1 billion” through “generous rounding” when addressing questions from X users.
Initially, Bailey had disclosed an initial target of $760 million “on day one,” with more funds expected in the near future.
The aggressive capital buildup underscores Bailey’s strategy of rapidly scaling Bitcoin holdings in anticipation of long-term appreciation.
Political Influence Via Pro-Bitcoin Initiatives
Bailey has also been pushing for political advocacy around Bitcoin adoption in the United States, beyond the large-scale BTC purchase.
Earlier this month, it was reported that he launched plans for a $200 million political action committee (PAC) aimed at supporting pro-Bitcoin candidates and policy measures.
A PAC, potentially anchored by Nakamoto Holdings, would aim at major legislative priorities, including eliminating capital gains tax on Bitcoin, enacting full-reserve banking, and securing federal backing for BTC.
Bailey has repeatedly expressed his view of seeing Bitcoin reach a price of $10 million over time, presenting his acquisition as not just an investment but also as a broader economic and political cause.
Also Read: MARA Holdings Closes $950 Million Convertible Note Offering To Fund Bitcoin Purchases
Community Reactions and Public Transparency
Bailey’s open discussion of the purchase on X has generated a wave of community engagement.
When asked whether he intended to “market buy” $1 billion worth of Bitcoin, Bailey responded simply with “VWAP”, indicating that the purchase will be executed using the Volume Weighted Average Price method to minimize market disruption.
Going further, the camera crews will document the historic buy, thereby adding a performative or symbolic gesture to the event.
Bailey also noted that a camera crew will document the historic buy, adding a performative and symbolic element to the event.
However, some community members, like Dr. Julian Hosp, questioned the wisdom of publicly announcing such a large order beforehand.
He suggested that it could lead to a price increase before the purchase is completed.
