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- Gate July 2025 Transparency Report:
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The 'spoiler' given by a close associate of Trump brought a rise in Bitcoin.
David Bailey, CEO of Nakamoto Inc., a close associate of Donald Trump, implied in a post today that two new companies have made Bitcoin purchases exceeding 1 billion dollars today. Bailey stated, "Currently, at least two new players in the market are conducting transactions over 1 billion dollars."
Following Bailey's post, the increase in the price of Bitcoin drew attention. The number one cryptocurrency by market cap traded below 104 thousand dollars but rose above 105 thousand dollars.
No details were provided regarding which of these two new players they are. The names of the companies in question are expected to be revealed next week.
Bailey recently announced the establishment of a company named Nakamoto, which will operate as a Bitcoin treasury company, formerly known as Strategy ( or MicroStrategy). The company will go public through a merger with KindlyMD, which is traded on Nasdaq. It is considered that one of the acquiring companies could be Nakamoto.
On the other hand, the chairman of Strategy, Michael Saylor, continued today with his posts implying that they would announce a new Bitcoin purchase. Strategy is expected to announce tomorrow that it has added new Bitcoins to its holdings.
Bitcoin is finding buyers at 105,200 dollars as of 17:45 TRT.
Published: May 18, 2025 17:44