Nakamoto CEO David Bailey wants to buy $1 billion worth of Bitcoin

David Bailey, CEO of Bitcoin-native holding company Nakamoto, told his followers on X that he’s finally going to “smash buy $1 billion of bitcoin in a single bid” tomorrow, a long-held personal dream.

When asked if he truly planned to spend $1 billion in one go, Bailey said that the number was “generous rounding,” adding that the real figure is closer to $760 million.

The gap between those amounts is not small, but Bailey clarified that the gap that led to the “generous rounding” was because of the cutoff since Nakamoto filed its definitive information statement.

Bailey stirs the crows ahead of a chunk BTC buy

Bailey’s post on Monday read: “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.” The message quickly spread among Bitcoin circles, stoking speculation that Nakamoto might be preparing a major accumulation event.

Bailey has been counting down to August 11 on his X account, although he later extended it by one day, with various posts detailing Nakamoto’s strategy to become one of the leading companies to acquire Bitcoin globally, as he believes it will become the most valuable asset in human history.

Following his post about smash buying $1 billion worth of Bitcoin, he posted this: “We have a one-of-a-kind strategy at Nakamoto, once you see it in action you’ll understand why we’ll be one of the top holders of Bitcoin in the world. We’re building a Bitcoin juggernaut.”

However, his response to a comment on his initial tweet about his current fiat liquidity has stirred up divisive conversations on the timeline. It’s not the first time Bailey has blended serious Bitcoin advocacy with trolling flair. The long-time industry figure, who has been involved in Bitcoin media and advocacy for years, frequently uses social media to draw attention to his projects.

The birth of Nakamoto

Bailey’s Nakamoto is a Bitcoin-native holding company created earlier this year through a merger with Nasdaq-listed KindlyMD. The combined entity has been pitched as a public-facing Bitcoin treasury business, with plans to accumulate BTC and explore yield strategies for shareholders.

As part of the deal, the company announced it had secured up to $710 million in capital commitments to fund its accumulation strategy.

The move to merge with KindlyMD also enables Nakamoto to tap public markets and trade under a new ticker, positioning itself alongside other Bitcoin-heavy balance sheet companies such as Strategy (formerly MicroStrategy).

The actual “smash buy” comes at a moment when Nakamoto is actively building visibility after its post-merger rollout.

In that sense, even a $760 million buy, framed as a billion-dollar dream, is in keeping with the company’s approach, which is BTC accumulation.

Tomorrow’s purchase will bring a close to a countdown that has been ongoing for over 14 days, and its impact on the market tomorrow will be well documented.

Bailey’s Nakamoto is actively walking the path cut by Strategy’s Michael Saylor, who Bailey has hailed as the “greatest of all time,” visionary, and one-of-one, without whose leadership and encouragement, Nakamoto would not be happening.

Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.