A Nasdaq-listed holding company preparing to pile into Bitcoin set off a social-media countdown this week, teasing a large purchase that has drawn wide attention across crypto circles. The company’s CEO posted that he planned to “smash buy $1 billion of bitcoin in a single bid,” then later clarified the real figure is closer to $760 million. The teaser follows a recent merger and a financing round that the company says includes up to $710 million in capital commitments. Countdown Sparks Speculation According to David Bailey, CEO of Bitcoin-native holding company Nakamoto , the countdown ran for more than 14 days and was extended by one day before the flagged execution window. Based on reports, the public messaging mixed bravado with strategy: a headline figure of $1 billion was used first, then adjusted to about $760 million as filings and timing were clarified. That gap — roughly $240 million — has become a focal point for investors and commentators trying to parse whether the stunt is mostly marketing or a firm trading plan. Ever since getting into Bitcoin I’ve always had this dream of smash buying $1b of bitcoin in a single bid. Tomorrow that dream comes true. Gotta start dreaming bigger — David Bailey $1.0mm/btc is the floor (@DavidFBailey) August 11, 2025 The Financing & The Merger Reports have disclosed that the company reached its current public form after a merger with a Nasdaq-listed firm, and that the combined business announced up to $710 million in commitments to back its Bitcoin accumulation plan. The deal also enabled the group to access public markets and list under a new ticker, positioning itself beside other public companies that hold large amounts of BTC on their balance sheets. Execution Questions Loom Public statements so far do not explain how a purchase near $760 million would be executed, or whether the company will use an over-the-counter desk, a block trade, or a public exchange order. That detail matters. A single large market order placed on an exchange could move prices and create heavy slippage, while off-exchange methods are typically used to limit market impact. Observers will be looking for any disclosures about trading partners, custody arrangements, or firm funding sources. Comparison & Context The CEO has publicly praised well-known corporate Bitcoin buyers as role models, and he explicitly cited leading figures in the space as influences on the company’s strategy. The combination of a public countdown and large stated sums has made the firm’s planned accumulation a talking point among investors and on industry message boards. Whether the move is primarily about building a treasury or about raising visibility for a newly public company remains unclear. Featured image from Flickr, chart from TradingView
