David Bailey, a cryptocurrency adviser to former U.S. President Donald Trump, said his investment firm Nakamoto Inc. plans to purchase roughly $760 million in Bitcoin on Aug. 12. Multiple posts quoting Bailey put the prospective buy between $760 million and $762 million, with the transactions expected to be executed using a volume-weighted average price strategy. Bailey framed the move as an effort to accumulate a substantial position in the token’s fixed supply. Neither Nakamoto Inc. nor Bailey has disclosed further details on funding sources or custody arrangements, and no regulatory filings confirming the transaction were immediately available.