CEO Says He’ll Fulfill $1 Billion Bitcoin Buy Dream In One Bid
A Nasdaq-listed holding company preparing to pile into Bitcoin set off a social-media countdown this week, teasing a large purchase that has drawn wide attention across crypto circles. The company’s CEO posted that he planned to “smash buy $1 billion of bitcoin in a single bid,” then later clarified the real figure is closer to […]
A Nasdaq-listed holding company preparing to pile into Bitcoin set off a social-media countdown this week, teasing a large purchase that has drawn wide attention across crypto circles.
The company’s CEO posted that he planned to “smash buy $1 billion of bitcoin in a single bid,” then later clarified the real figure is closer to $760 million.
The teaser follows a recent merger and a financing round that the company says includes up to $710 million in capital commitments.
Countdown Sparks Speculation
According to David Bailey, CEO of Bitcoin-native holding company Nakamoto, the countdown ran for more than 14 days and was extended by one day before the flagged execution window.
Based on reports, the public messaging mixed bravado with strategy: a headline figure of $1 billion was used first, then adjusted to about $760 million as filings and timing were clarified.
That gap — roughly $240 million — has become a focal point for investors and commentators trying to parse whether the stunt is mostly marketing or a firm trading plan.
Ever since getting into Bitcoin I’ve always had this dream of smash buying $1b of bitcoin in a single bid. Tomorrow that dream comes true.
Gotta start dreaming bigger
— David Bailey
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