Internet reports that David Bailey, who served as Donald Trump's cryptocurrency policy adviser during his 2024 campaign, is raising $300 million to form a publicly traded Bitcoin investment company, according to people familiar with the matter. A number of companies have previously acquired cryptocurrencies in an attempt to replicate the success of Michael Saylor's Strategy, which has transformed into a Bitcoin investment company, and Bailey is raising $200 million by private placement of new shares and convertible bonds. It is reported that David Bailey is CEO of Bitcoin Magazine and was recently appointed to the Strategic Advisory Board by Metaplanet.