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Bitcoin Treasury Head David Bailey Plans to Raise $200 Million for New Political Action Committee
Summary: According to Protos, David Bailey, the head of Bitcoin Treasury company Nakamoto, announced plans to establish a new Political Action Committee (PAC) and intends to raise $1 to $2 billion to advance Bitcoin priorities and become part of the Bitcoin voting platform. Bailey stated that he hopes the PAC will be based on Nakamoto, despite ...
According to Protos, David Bailey, the head of Bitcoin Treasury company Nakamoto, announced plans to establish a new Political Action Committee (PAC) and intends to raise $1 to $2 billion to advance Bitcoin priorities and become part of the Bitcoin voting platform. Bailey stated that he hopes the PAC will be based on Nakamoto, despite currently only holding 21 bitcoins, but plans to purchase hundreds of millions of dollars worth of Bitcoin by August 11. Bailey has already raised around $1 billion for investing in Bitcoin, and the funds for this new PAC will be used to influence the 2026 US midterm elections, with a budget that may approach 4% of total super PAC expenditures.
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Link: Bitcoin Treasury Head David Bailey Plans to Raise $200 Million for New Political Action Committee [Copy]
