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Trump's Crypto Advisor to Execute Massive $762M Bitcoin Purchase This Week

Dario avatar
Shared by Dario • August 12, 2025

David Bailey, a prominent Bitcoin advocate and advisor to U.S. President Donald Trump on crypto policy, has announced his firm, Nakamoto Inc., plans to execute a significant Bitcoin purchase this week. The ambitious "smash buy" is set to acquire approximately $762 million worth of Bitcoin, a move that could significantly bolster institutional holdings of the cryptocurrency.