TechFlow, May 8 — According to Cointelegraph, David Bailey, CEO of Bitcoin Magazine and cryptocurrency advisor to Trump, has raised $300 million (including $200 million in equity and $100 million in convertible debt) to launch a bitcoin investment firm named "Nakamoto." The company is expected to go public as early as next week through a merger with a Nasdaq-listed entity. Meanwhile, the U.S. Office of the Comptroller of the Currency (OCC) confirmed that banks under its supervision may custody and trade crypto assets for customers and are permitted to outsource certain crypto-related activities to third parties.
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