David Bailey, Executive Director of the BTC Media Group and key advisor in cryptocurrencies of the president of the United States, Donald Trump, collected more than 300 million dollars to launch an investment company in Bitcoin (BTC).
The brand new firm is called «Nakamoto», in tribute to the pseudonym of the creator of Bitcoin, Satoshi Nakamoto.
Company sources told the press that Nakamoto will focus on the acquisition and possession of BTC. In addition, they said that next week they will announce a fusion with a company (it did not transcend the name) that is part of the Nasdaq 100 index.
Companies investing in BTC usually gather large sums of money, combining capital of investors and loans, with the aim of buying and conserving the long -term asset.
When quoting in the stock market, their shares allow other investors to expose the price of the BTC without buying it directly.
As Cryptonoticias has reported, this model was popularized by Strategy, the company led by Michael Saylor and known for its aggressive investment in BTC.
Saylor’s initiative is also replicated by other companies, such as Metaplanet, Japanese investment company, and Twenty One, whose CEO is the Bitcoiner Jack Mallers.
Recently, Jack Mallers explained that Twenty One (XXI) seeks become the best vehicle for investors to access Bitcoin from public markets. To do this, it issues actions to acquire BTC, develops financial products around it and aims to attract institutional capital.
«We believe that we are large enough to enter the market with billions of dollars of capital in the launch, but we are small enough to grow and to obtain returns called BTC in what is becoming a very competitive capital market with appetite for exposure to BTC,» said Mallers.
It should be clarified that, currently, Strategy is the public contribution company with more BTC in its treasury. In total accumulate 555,450 BTC.
According to data from the Bitcoin Treasuries explorer, further back the Bitcoin Mara Holdings Minera appear, with 48,237 BTC, and XXI with 31,500 BTC.
Now, the creation of the company «Nakamoto» is another sample of the acceleration of the institutional adoption of BTC worldwide. They are large or small purchases, throughout the month of April many companies have reinforced or initiated with their holdings in Bitcoin. This growing interest of companies by BTC reinforces the narrative that the digital currency is a reserve and financial diversification asset.
As Cryptonoticia has reported, many investors consider that BTC is «Digital Gold» for the characteristics that you share with precious metal. The fact that Bitcoin is decentralized and resistant to the censorship of banks and governments is a factor that attracts those seeking financial independence. Unlike money Fíat, BTC is not devalued by the monetary emission and decisions of the central banks. Its supply is limited to 21 million units, whose broadcast is reduced every 4 years in an event known as Halving. This is a factor that impacts its medium and long term price.
On the other hand, the appearance of the company Nakamoto deepens a change in the profile of the companies that buy BTC. Is that it is no longer just about choropations that acquire the digital currency as a value reserve, but of signatures whose business model completely revolves around its accumulation.
An example of this trend is Strategy, whose main activity became the financial leverage to buy more BTC. In real terms, it does not stand out for being a software company (which was its initial business niche).
The same goes for Twenty One and now with Nakamoto, who were born with that central objective: capture capital, acquire BTC and offer indirect exposure to the asset through the share market.
Institutional investment can boost the price of BTC due to its limited offer of only 21 million units. However, that concentration also has a risk: if a company with great holdings, such as Strategy, is forced to sell (for whatever reason), could generate strong bearish pressure, both due to the volume at stake and by the psychological impact that I would have to break the long -term accumulation narrative.