David Bailey Plans $762M Bitcoin Buy Using VWAP Strategy

Cryptos: 21,330
Exchanges: 2,013
Market Cap: $4.07T 2.47%
24h Vol: $736,953,266,149 18.45%
Dominance: BTC: 58.3% ETH: 13.6%
Gas: 3.550 GWEI

Connect

Crypto News Cryptocurrencies

David Bailey Plans $762 Million Bitcoin Purchase Using VWAP Strategy

Written by Aaron S.,

Editor-In-Chief

Last Updated: August 12, 2025

Key Takeaways

David Bailey will spend $762 million on Bitcoin on August 12, using VWAP to split the buy into smaller trades and reduce market impact;
He calls the buy a step toward his dream of “smash buying” $1 billion in Bitcoin, with larger purchases possible in the future;
Bailey, who advised President Trump on crypto policy, aims for Nakamoto Inc. to become one of the largest Bitcoin holders.

Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. Participate Now! 🔥

David Bailey Plans $762 Million Bitcoin Purchase Using VWAP Strategy

BITDEGREE IN YOUR SOCIAL FEED

David Bailey, head of Bitcoin-focused firm Nakamoto Inc. and co-founder of BTC Inc., is preparing for a major Bitcoin purchase.

He plans to spend $762 million on cryptocurrency on August 12, which at current prices would be around 6,400 BTC BTC $119,266.60 .

Instead of buying it all at once, Bailey will use a Volume Weighted Average Price (VWAP) method. This approach breaks a large order into smaller trades throughout the day to help avoid sudden price changes and reduce trading costs.

What is Polkadot in Crypto? (DOT Animated Explainer)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

Bailey has described the buy as a step toward a personal goal. He said in an August 11 post on X:

Ever since getting into Bitcoin, I’ve always had this dream of smash buying $1 billion of Bitcoin in a single bid. Tomorrow, that dream comes true.

Although the amount is less than that, he has made clear that larger purchases could follow.

In a separate post on X, he said Nakamoto Inc. has a "one-of-a-kind strategy" that he believes will make it one of the largest Bitcoin holders.

Bailey has advised President Donald Trump on cryptocurrency policy during the presidential campaign and has been credited with influencing Trump’s shift toward Bitcoin.

Recently, Bailey said he was considering raising $100 million to $200 million for a political action committee (PAC) backed by Nakamoto Inc. What is the goal of the proposed PAC? Read the full story.