Cryptocurrency investor David Bailey - who once advised US President Donald Trump on cryptocurrency policy - recently drew attention by announcing he will purchase Bitcoin worth approximately $762 million, expected to be executed as early as next Tuesday.
Bailey shared that since entering the Bitcoin world, he has always harbored a bold dream: executing a single Bitcoin purchase worth $1 billion. "Tomorrow, that dream will become reality," he said on Monday.
With the current Bitcoin price around $119,018/BTC, this transaction is equivalent to nearly 6,400 BTC. However, Bailey will not purchase by immediately "sweeping" the market, but will apply the Volume Weighted Average Price (VWAP) strategy – dividing large orders into multiple small transactions to minimize price volatility and avoid market shock.
David Bailey is currently CEO of Nakamoto Inc., a pure Bitcoin investment company, and co-founder of BTC Inc., the parent company of Bitcoin Magazine. He confidently stated: "We have a unique strategy. When you witness its implementation, you'll understand why we will be among the world's largest Bitcoin holders. We are building a 'massive machine' for Bitcoin."
Bailey previously served as an advisor in Donald Trump's election campaign, considered a key figure helping Trump shift his perspective and prioritize Bitcoin in policy. Since officially returning to the White House at the end of 2024, Trump has repeatedly expressed support for promoting cryptocurrency's role in the US, viewing it as an important part of his new economic strategy.
Beyond this massive transaction, in early August 2025, Bailey also revealed plans to raise $100-200 million for a Political Action Committee (PAC) to advocate and promote Bitcoin-friendly policies in the US. He affirmed: "I have learned a lot about politics and how this game operates this year. I want Nakamoto to take the lead in building a strong PAC to protect Bitcoin's interests."
Information about Bailey's Bitcoin purchase worth hundreds of millions of dollars is generating intense discussion in financial circles and cryptocurrency communities. Many analysts believe that if successful, this will be one of the largest individual Bitcoin transactions in history, and mark a new step in connecting US politics with the cryptocurrency market, especially as President Trump maintains a strong supportive stance towards this industry.
