Nakamoto Holdings’ CEO, David Bailey, is teasing a massive $1 billion purchase of Bitcoin (BTC) to hold on the company’s books.
Bailey says on the social media platform X that he plans to make a ten-figure Bitcoin purchase as soon as Tuesday.
[adinserter block="1"]“Ever since getting into Bitcoin I’ve always had this dream of smash buying $1 billion of Bitcoin in a single bid. [Tuesday], that dream comes true. Gotta start dreaming bigger.”
He also says that there will be footage taken of him making the buy.
According to Bailey, the company plans to become one of the largest companies holding Bitcoin in its treasury.
“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. We’re building a Bitcoin juggernaut.”
Bailey launched Nakamoto earlier this year as a Bitcoin investment firm, which later merged with Kindly MD, Inc. (NAKA), a leading provider of integrated healthcare services.
Based on total Bitcoin holdings among publicly-traded companies, Nakamoto ranks 110th, with 21 BTC at a value of about $2.5 million.
At the top of the list is Michael Saylor’s Strategy (MSTR) with 628,946 BTC valued at $75.765 billion.
Bailey, who advised Trump on Bitcoin during his presidential campaign, believes that BTC will hit astronomical price levels.
“Bitcoin will become the most valuable asset in human history. Nakamoto strategy = get as many as you can, as fast as you can.”
Bitcoin is trading for $120,322 at time of writing, up 1.2% in the last 24 hours.
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