Bitcoin Treasury Director David Bailey plans to raise $200 million for a new political action committee

According to ChainCatcher, Protos reports that David Bailey, the head of the Bitcoin Treasury Company Nakamoto, announced plans to establish a new Political Action Committee (PAC) and intends to raise between $100 million and $200 million to promote Bitcoin priorities and become part of the Bitcoin voter platform.

Bailey stated that he hopes the PAC will be based on Nakamoto, although Nakamoto currently holds only 21 bitcoins, plans to purchase hundreds of millions of dollars in bitcoins before August 11. Bailey has already raised about $1 billion for Bitcoin investments, and the funding for this new PAC will be used to influence the 2026 U.S. midterm elections, with a budget potentially approaching 4% of total super PAC expenditures.