David Bailey, who has advised Trump on crypto policy, plans to set up a Bitcoin investment company to raise $300 million

PANews May 7 news, according to The Information, people familiar with the matter revealed that David Bailey, who advised Trump's cryptocurrency policy during his 2024 campaign, is raising $300 million to set up a publicly listed Bitcoin investment company. He follows a series of companies that acquire cryptocurrencies that try to replicate the success of Michael Saylor's strategy. Bailey plans to raise $200 million through new stock private placement and $100 million through convertible bonds.