Nakamoto CEO to Buy $762,5 Million in Bitcoin at Once

Nakamoto CEO David Bailey intends to fulfill his long-time dream and buy $762,5 million worth of bitcoins.

Ever since I started using Bitcoin, I have always dreamed of buying $1 billion worth of BTC at once. Tomorrow [August 12] that dream will come true. I will start dreaming bigger, — Bailey wrote.

David corrected himself, saying that his firm would invest not $1 billion in cryptocurrency, but $762,5 million. He allowed himself to round the figure significantly, probably to attract public attention.

Nakamoto employees got $762,5 million from a merger with KindlyMD, which raised over $700 million in equity funding. Today, the money is set to be spent on bitcoin, and the transaction will be filmed to immortalize the moment.

Notably, many shareholders of the medical company KindlyMD were not thrilled about the merger with Nakamoto and the transformation of the company into Bitcoin- a treasury organization. This is evidenced by the fact that the holders of only 50,76% of the securities giving the right to vote supported this proposal, and the holders of 50,14% of the shares approved the financing of the transaction.

The $762,5 million purchase of Bitcoin will put Nakamoto in 14th place among public institutions that have invested the most money in BTC, displacing Chinese tech company Next Technology Holding, which holds the cryptocurrency on its balance sheet. kriptovalyuta worth $693 million.

Top 15 Companies by Bitcoin Investment Amount

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