Nakamoto CEO David Bailey Nears $1B Bitcoin Goal With $762M ‘Smash Buy’ Plan

David Bailey, Nakamoto’s CEO, has shared plans to acquire $762 million worth of Bitcoin in a single trading session. This follows its initial plan to purchase $1 billion worth of BTC, placing the company at the forefront of corporate Bitcoin accumulation.

David Bailey Prepares $762M Bitcoin Purchase

In a recent X post, Bailey told his followers that his dream of placing a $1 billion Bitcoin order in one go was about to become reality. 

“Ever since getting into Bitcoin, I’ve always had this dream of smash buying $1b of Bitcoin in a single bid. Tomorrow, that dream comes true,” he posted.

He later clarified that the “$1 billion” figure was a “generous rounding,” with the actual purchase amount closer to $762.5 million. At current market rates of about $118,892 per BTC, this sum would secure roughly 6,400 Bitcoin for Nakamoto’s treasury.

Bailey’s bold purchase plan is the latest step in his strategy to transform Nakamoto into a “Bitcoin juggernaut.” He has repeatedly stated that once investors see the company’s approach in action, they will understand why Nakamoto will rank among the world’s largest Bitcoin holders.

The Nakamoto CEO is no stranger to high-profile moves in the crypto sector. Bailey, who also co-founded BTC Inc., the parent company of Bitcoin Magazine, previously served as Trump’s crypto policy adviser during his presidential campaign. He also played a key role in the former president’s public pivot toward Bitcoin.

Earlier this year, he joined Metaplanet’s Strategic Board of Advisors alongside Eric Trump, following the Japanese firm’s aggressive buying spree. That appointment came shortly after Metaplanet boosted its holdings by 5,000 BTC.

Nakamoto Joins Expanding Bitcoin Treasury Move

The Nakamoto CEO’s massive buy plans come amid a wave of corporate BTC acquisitions. Data from Bitcoin Magazine Pro shows that at least 22 organizations have added BTC to their balance sheets. Collectively, these entities hold 716,439 BTC worth over $85 billion.

Notable recent moves include Metaplanet’s earlier purchase of 518 BTC for approximately $61.4 million. This brought its total holdings to 18,113 BTC valued at roughly $1.85 billion. Michael Saylor’s Strategy also added 155 BTC for $18 million, taking its stash to 628,946 BTC. They are the most significant corporate holding in the world.

Formed earlier this year through a merger with Nasdaq-listed KindlyMD, Nakamoto has positioned itself as a public-facing Bitcoin treasury business with access to substantial capital commitments. The company previously announced it had secured up to $710 million to fund its BTC acquisition plans.

While some critics question the optics of framing $762 million as $1 billion, Bailey’s move nonetheless underscores his conviction that Bitcoin will become “the most valuable asset in human history.”