Bitcoin Magazine CEO plans to establish a Bitcoin investment company and aims to raise $300 million

ChainCatcher news, according to The Information, sources say that David Bailey, who served as a cryptocurrency policy advisor during Donald Trump's 2024 campaign, is raising $300 million to establish a publicly listed Bitcoin investment company.

Previously, several companies have acquired cryptocurrencies in an attempt 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.

It is reported that David Bailey is the CEO of Bitcoin Magazine and has recently been appointed as a member of the strategic advisory board of Metaplanet.