it is reported that David Bailey, who served as Donald Trump's cryptocurrency policy advisor during his 2024 campaign, is raising $300 million to establish a publicly traded Bitcoin investment company.

Previously, several companies have acquired cryptocurrencies, trying to replicate the success of Michael Saylor's Strategy, which has transformed into a Bitcoin investment company. Bailey is raising $200 million through private placements and convertible bonds.

David Bailey is the CEO of Bitcoin Magazine and has recently been appointed as a member of the strategic advisory committee by Metaplanet.