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David Bailey Raises $710M for Bitcoin Treasury

Nidhi Kolhapur12 May 20251 min read

Bitcoin Magazine reports that David Bailey, CEO of Nakamoto, has raised $710 million and merged with healthcare data firm KindlyMD to create a Bitcoin treasury-backed entity. The merger aims to strengthen Bitcoin’s position in the financial sector. Bailey, also a key cryptocurrency advisor to U.S. President Trump, plays a central role in this ambitious move to integrate Bitcoin with traditional industries and enhance its adoption in mainstream markets.

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Nidhi Kolhapur

Author

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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