According to CoinMeta, and as reported by Bloomberg, the crypto entrepreneur David Bailey who helped to promote Trump's support for Bitcoin, raised approximately $760 million last year for his Bitcoin treasury company Nakamoto. The return on investment from his hedge fund once reached 640%. However, since its merger and listing in May 2025, the stock price of Nakamoto has fallen by about 99% from its peak, affecting the model of financing to increase Bitcoin holdings. The company is currently seeking to acquire companies with cash flow and is prioritizing the repurchase of its own undervalued shares. In the first half of 2026, it incurred losses of about $372 million and implemented a 40-for-1 reverse stock split in May.