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 us