David Bailey, executive director of BTC Media Group and key advisor to cryptocurrency for the US president, has raised over $300 million and launched an investment company in Bitcoin (BTC).
The brand new company is called “Nakamoto” and pays tribute to the pseudonym of the creator of Nakamoto Atoshi, the creator of Bitcoin.
A company source told the press that Nakamoto focuses on BTC acquisition and possession. Additionally, they said next week they will announce a fusion with the company that is part of the Nasdaq 100 index (which did not surpass the name).
Companies investing in BTC usually combine investors with loan capital to collect large amounts of money for the purpose of purchasing and preserving long-term assets.
When quoting in the stock market, their stock allows other investors to expose the price of BTC without buying directly.
As Cryptonoticias reports, the model was popularized by Strategy, a company led by Michael Saylor, and is known for its aggressive investment in BTC.
Saylor’s initiative has also been replicated by other companies such as Metaplanet, Japanese investment company and Twenty One.
Recently, Jack Mullers explained that Twenty One (XXI) is looking for it Become the best way for investors to access Bitcoin from the open market. To do this, we aim to issue actions to acquire BTC, develop financial products around it, and attract institutional capital.
“We believe it’s big enough to enter the market with billions of dollars of capital in launches, but we believe it’s small enough to grow and get a return called BTC, which is becoming a very competitive capital market with an appetite for BTC exposure,” Mallers said.
Currently, the strategy needs to be made clear that it is a public contribution company with more BTC in the Ministry of Finance. Accumulates a total of 555,450 BTC.
According to data from Bitcoin Treasuries Explorer, another Bitcoin Mara Holdings Minera will be appearing at 48,237 BTC and XXI at 31,500 BTC.
Currently, the creation of the company Nakamoto is another sample of the acceleration of institutional adoption of BTC around the world. They are large or small purchases, and many companies have been bolstering or starting to hold on Bitcoin during April. This growing interest in businesses by BTC reinforces the narrative that digital currencies are reserves and financial diversifying assets.
As Cryptonoticia reports, many investors say BTC is “Digital Gold” for features shared with precious metals. The fact that Bitcoin is decentralized and resistant to bank and government censorship is a factor that attracts those seeking economic independence. Unlike MoneyFíat, BTC has not been devalued by monetary emissions and central bank decisions. Its supply is limited to 21 million units, and its broadcasts are cut every four years at an event known as half. This is a factor that affects medium and long-term prices.
Meanwhile, the emergence of Nakamoto companies will deepen the changes in the profiles of companies purchasing BTC. Acquiring digital currency as a value reserve is no longer about legalization. However, the business model is fully developed around its accumulation.
An example of this trend was strategy, whose main activity became financial leverage to purchase more BTC. In fact, it doesn’t stand out by being a software company (this was the first business niche).
The same thing is true of 21 people, and the same can be said as Nakamoto, who was born with that central purpose now. Capital capture, acquire BTC and provide indirect exposure to assets through the stock market.
Institutional investments can raise the price of BTC as they offer only 21 million units. However, there is a risk to that concentration. If a company with good holdings such as strategy is forced to sell (for some reason), both the amount and psychological impacts on the crisis can cause strong bear pressure. I have to break the story of long-term accumulation.