Former Trump cryptocurrency policy adviser plans to set up Bitcoin investment company and raise $200 million

Odaily News David Bailey, who served as Donald Trump's cryptocurrency policy adviser during his 2024 campaign, is raising $300 million to launch a publicly traded bitcoin investment firm, according to people familiar with the matter. Several companies have acquired cryptocurrencies in an attempt to replicate the success of Michael Saylor's Strategy, which has transformed into a bitcoin investment firm, and Bailey is raising $200 million through private placement of new shares and $100 million in convertible bonds.