David Bailey, a prominent Bitcoin advocate and crypto advisor to former President Donald Trump, announced plans to purchase $762 million worth of Bitcoin this week. This ambitious acquisition aims to buy approximately 6,400 BTC. Bailey expressed a longstanding desire to execute a significant 'smash buy' of Bitcoin, stating that he intends to use a Volume Weighted Average Price (VWAP) strategy to mitigate market disruption. He is the CEO of Nakamoto Inc., a Bitcoin-native holdings company, and has played a key role in furthering Bitcoin interests within the political landscape, recently expressing interest in raising up to $200 million for a political action committee to support Bitcoin's priorities. His firm has recently adopted a bullfrog as its mascot, symbolizing traits like being a treasure hoarder and apex predator. The trend of corporate Bitcoin adoption is on the rise, with at least 17 organizations adding Bitcoin to their portfolios over the past month, bringing the total to 221 entities holding over 1.24 million BTC.

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