'Trump Crypto Advisor' Bailey…BTC Inc CEO Announces $760 Million Bitcoin Purchase
Summary
- David Bailey, CEO of BTC Inc, announced a plan to purchase $760 million worth of Bitcoin.
- According to Cointelegraph, this amount is equivalent to about 6,400 Bitcoins at current market value.
- CEO Bailey emphasized that this large-scale purchase is set to be realized.
David Bailey, CEO of BTC Inc, who has advised U.S. President Donald Trump on cryptocurrency policy, has announced a large-scale purchase of Bitcoin (BTC).
On the 11th (local time), Bailey stated on X, "Since Bitcoin emerged, my dream has been to execute a single buy order of $1 billion worth of Bitcoin," adding, "Tomorrow, that dream will become a reality." He further noted, "Now it seems I need to dream even bigger."
However, the actual purchase amount is expected to be around $760 million (approximately ₩1 trillion). In a separate X post, Bailey explained, "$1 billion is a rounded-up figure from the $762.5 million the company has raised." Cointelegraph reported, "At the current market price, this amount would purchase about 6,400 Bitcoins."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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