Trump’s Crypto Adviser David Bailey to Acquire $762M in Bitcoin This Week

David Bailey, a prominent Bitcoin (BTC) advocate and crypto policy adviser to U.S. President Donald Trump, has announced plans to purchase $762 million worth of Bitcoin as early as Tuesday. The move, which could secure approximately 6,400 BTC at current market prices, marks one of the largest single purchase strategies in recent memory.

Bailey revealed the plan on Monday, describing it as the realization of a long-held ambition. “Ever since getting into Bitcoin, I’ve always had this dream of smash buying $1 billion of Bitcoin in a single bid. Tomorrow, that dream comes true,” he stated.

Rather than executing a single market order, Bailey confirmed the acquisition will use a Volume Weighted Average Price (VWAP) strategy. This approach involves breaking the order into smaller trades to minimize slippage and reduce the risk of disrupting market prices.

David Bailey To Purchase 6,400 BTC

Bailey, who serves as CEO of Bitcoin-native holdings company Nakamoto Inc. and co-founded Bitcoin Magazine’s parent company BTC Inc., described the initiative as part of a larger corporate vision. “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,” he said. “We’re building a Bitcoin juggernaut.”

Bailey has been a central figure in shaping Trump’s evolving stance on Bitcoin. Earlier this month, he shared plans to raise between $100 million and $200 million for a political action committee (PAC) dedicated to advancing Bitcoin’s policy interests in the United States. He indicated Nakamoto would anchor the fundraising effort.

“I’ve learned a lot about politics and how the game is played this year,” Bailey commented previously, underscoring his intention to use political influence to protect and promote Bitcoin adoption nationwide.

On Monday, Nakamoto updated its mascot to a bullfrog, a symbol Bailey says reflects the company’s approach: “a legendary treasure hoarder, an apex predator, an invasive species, and willing to eat anything that grows our Bitcoin per share.”

The company’s financial firepower has been expanding. In June, Nakamoto raised $51.5 million via a private placement in a public equity deal, according to its merger partner KindlyMD. Bailey’s massive purchase comes amid a broader uptick in corporate Bitcoin accumulation. Data from BitcoinTreasuries.NET shows that at least 17 organizations have added Bitcoin to their treasuries in the past month, bringing the total number of companies with BTC holdings to 221. Collectively, these firms control more than 1.24 million BTC, reinforcing Bitcoin’s growing foothold in institutional finance.