Saturday, June 28, 2025

Creating liberating content

Accelerating the rollout of plug-and-play industrial parks, improving logistics infrastructure,

Villages often come with a certain image, dusty, chaotic, and

When you go for an interview, it is important to

Related News

Accelerating the rollout of plug-and-play industrial parks, improving logistics infrastructure, and targeted skilling are essential for boosting India’s manufacturing output and self-reliance, according to real estate consultancy Cushman & Wakefield.In

Mahanadi Coalfields Ltd (MCL), a subsidiary of Coal India Ltd, will begin operations in two new coal mines in Odisha’s Talcher coalfield area by FY 2029-30, adding 35 million tonnes

Villages often come with a certain image, dusty, chaotic, and stuck in time. But think again. There are numerous postcard-perfect hamlets, spread across the country, where cleanliness isn’t just next

When you go for an interview, it is important to first know about the company, their work culture and their products. Going unprepared for an interview may look as if

Ever thought that even without waking up at 5 am, one can streamline all their tasks and plan a successful day ahead? Yes! The cult of the 5 am club,

F1 box office collection day 1: F1, one of the biggest films of the year, hit the screens on Friday (June 27) and opened to a good response at the

Trending News

Accelerating the rollout of plug-and-play industrial parks, improving logistics infrastructure, and targeted skilling are essential for boosting India’s manufacturing output and self-reliance, according to real estate consultancy Cushman & Wakefield.In

Mahanadi Coalfields Ltd (MCL), a subsidiary of Coal India Ltd, will begin operations in two new coal mines in Odisha’s Talcher coalfield area by FY 2029-30, adding 35 million tonnes

The full retirement age (FRA) for Social Security benefits in the United States will increase to 67 starting in 2026, affecting millions of Americans planning their retirement. Those opting to

Standard Chartered Bank (Image credits: IANS) Credit growth in the economy is influenced more by overall economic activity than by the size of the liquidity surplus, according to a recent

Representative image (Image credits: ANI) Foreign portfolio investors (FPIs) made a net investment of Rs 13,107.54 crore into Indian markets during the week of June 23 to June 27, according

The euro is set for its longest stretch of monthly gains in eight years, boosted by rising confidence in Europe’s economic prospects and a hunt for alternatives to the slumping

Trump crypto advisor David Bailey $300 million bitcoin investment co

Word Count: 393 | Estimated Reading Time: 2 minutes


Vcg | Visual China Group | Getty Images

David Bailey, CEO of media group BTC Inc., and a key crypto advisor to President Donald Trump, has raised $300 million to launch a publicly traded bitcoin investment company, CNBC has confirmed.

The deal, which has been in the works since January, consists of $200 million in equity funding and $100 million in convertible debt, according to a person familiar with the matter who asked not to be named because the fundraise hasn’t been announced. The Information was first to cover the story.

Bailey’s company is named Nakamoto, a tribute to the pseudonymous bitcoin creator Satoshi Nakamoto. It will focus on acquiring and holding bitcoin and is set to merge with an existing Nasdaq-listed company in a transaction that’s expected to be announced early next week, the person said. The company’s public listing is expected this summer.

Read more about tech and crypto from CNBC Pro

Nakamoto plans to buy companies around the world, including in Brazil, Thailand and South Africa, and invest its bitcoin into them, the source said. The venture is backed by a roster of well-known investors, with an advisory board that includes prominent figures, the person said.

Bitcoin investment firms raise large sums of money, often through a mix of equity and debt, to buy and hold bitcoin. Their stock becomes another way for investors to bet on the price of bitcoin.

Michael Saylor, founder of Strategy (formerly MicroStrategy), popularized the model, converting its cash reserves into bitcoin beginning in 2020. The move transformed the software company into a de facto bitcoin holding company, with the value of its stock soaring as bitcoin rallied. It’s now one of the world’s largest owners of bitcoin.

How Trump was ‘orange-pilled’ by three bitcoiners in Puerto Rico

Jack Mallers, who rose to fame by launching the Strike payments app, has secured billions of dollars for his bitcoin-holding venture Twenty One, which is backed by SoftBank and Tether.

“What we really pride ourselves on is being blue-chip credibility with startup upside,” Mallers told CNBC’s Crypto World this week. “We feel like we’re big enough to win entering the market with billions of dollars of capital upon launch, but we’re small enough to grow and we’re small enough to post bitcoin-denominated returns in what’s becoming a really competitive capital markets appetite for bitcoin exposure.”

WATCH: Jack Mallers looks to rival Strategy with new bitcoin company backed by Tether and SoftBank

Jack Mallers looks to rival Strategy with new bitcoin company backed by Tether and SoftBank



Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account