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929 Crypto Gets Its Trump Bounce

The Information
Yueqi Yang @ The Information · 05/13/2025 20:30 EDT

Crypto Gets Its Trump Bounce

After a rocky few months for bitcoin investors following Donald Trump’s inauguration, crypto insiders are on a high once again. Consider the case of David Bailey, the Bitcoin Magazine CEO who advised Donald Trump on crypto policy and helped fundraise for his 2024 campaign. Yesterday, Bailey announced that he has raised $710 million to launch Nakamoto, a publicly traded bitcoin investment firm similar to Michael Saylor’s Strategy, formerly known as MicroStrategy. The amount is more than double what the compa

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