A key architect of the lobbying marketing campaign that reworked Donald Trump into a robust advocate for cryptocurrency has made a remarkably worthwhile funding in one of many {industry}’s most speculative areas. David Bailey and his 210k Capital hedge fund achieved a web return of 640% within the 12 months main as much as June.
It was achieved by investing in roughly a dozen firms that started buying Bitcoin, in accordance with a supply conversant in the state of affairs. This efficiency considerably surpassed the good points in Bitcoin itself. As of June 30, the fund’s belongings beneath administration (AUM) totalled $433 million.
lol. Gm pic.twitter.com/3rWLbNNM60
— David Bailey
$1.0mm/btc is the ground (@DavidFBailey) July 18, 2025
David Bailey Orange-Pilled The President Earlier than Hitting 640% Positive aspects For His 210k Hedge Fund
Bailey, whom Trump has publicly credited for serving to shift his perspective from Bitcoin skeptic to advocate, is a part of a rising record of crypto executives who’ve benefited from the growth sparked by Trump’s presidential election victory. Trump’s pro-industry agenda has propelled Bitcoin to document highs and ignited a wave of companies wanting to change into proxies for the unique token—one thing 210k Capital has efficiently capitalized on.
The fund achieved this by investing in publicly traded firms and inspiring companies throughout numerous sectors, from hospitality to net design, to start out accumulating Bitcoin. One notable funding was in The Smarter Internet Plc, primarily based in Guildford, UK, which has reportedly generated a staggering return of roughly 14,000%.
Whereas Bailey’s technique has yielded spectacular outcomes, it includes a stage of threat that differs markedly from typical hedge fund approaches.
Smarter Internet accomplished its preliminary public providing on London’s Aquis Inventory Change in April to boost funds for buying Bitcoin. After securing a mixed £2.1 million ($2.8 million) via a pre-IPO spherical and the general public providing, Smarter Internet’s shares surged in worth.
Smarter Internet has accrued 1,600 Bitcoin, which is price roughly $190 million. Nonetheless, the corporate’s share value highlights the dangers related to 210k Capital’s technique: the inventory has dropped about 55% from its peak on June 20.
210k Capital invested £780,000 within the pre-IPO funding spherical, throughout which it additionally acquired inventory warrants, in accordance with Smarter Internet’s Chief Govt Officer, Andrew Webley. The fund’s 15% stake is now valued at almost £110 million.
Whereas these crypto treasury shares have confirmed extremely profitable for some traders, they’ve additionally proven important volatility. For instance, shares of Ether-focused SharpLink Gaming Inc.
($SBET) plummeted about 70% on June 13 following what Chairman Joseph Lubin described as a routine submitting. Nonetheless, it ought to be famous that SBET has since rebounded and is up almost 300% from these mid-June lows.
(SOURCE)
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Trump’s Ties To Bailey Kicked Off At Tennessee Bitcoin Convention In July 2024
At a July 2024 Bitcoin convention in Nashville, Tennessee, Trump took the stage and pledged his help for the cryptocurrency {industry}, marking a major second for the sector.
Throughout that speech, the now-President expressed his ambition to make america “the world’s crypto capital” and particularly acknowledged Bailey for his position in lobbying on behalf of the presidential candidate. “So David, congratulations, no matter you do, you probably did a beautiful job,” Trump remarked. Earlier, Bailey had urged different crypto fans to assist elevate $100 million for the Trump marketing campaign.
Bailey’s connections to the presidential household lengthen past his help for Trump. The president’s son, Eric, is a member of the newly established Strategic Board of Advisors for Metaplanet Inc. This Japanese hotelier-turned-Bitcoin proxy is amongst 210k Capital’s largest investments, representing a few quarter of its portfolio. Bailey serves on Metaplanet’s advisory board as properly.
Metaplanet, which beforehand operated a series of accommodations in Japan, was one of many first firms to undertake the mannequin pioneered by Michael Saylor, whose technique now holds roughly $70 billion price of Bitcoin. Since asserting its plans to change into a Bitcoin accumulator in April 2024, Metaplanet’s inventory has surged by about 9,400%.
210k Capital paid $1 million to buy warrants from a Metaplanet shareholder round that point and later exercised these warrants for widespread inventory, in accordance with Evans. The funding is now price roughly $106 million, he added. Earlier than Metaplanet’s strategic shift, 210k Capital’s complete belongings beneath administration stood at simply $44 million, as reported by Evans.
To help Metaplanet with its transition, a UTXO worker was embedded with the corporate and labored carefully with CEO Simon Gerovich. “I don’t suppose we are able to take sole credit score for the thought,” Evans acknowledged relating to Metaplanet’s change in technique. “However we pushed for it very strongly and made a compelling case.”
*Appointment of David Bailey to Strategic Board of Advisors* pic.twitter.com/IWHVaSCKuW
— Metaplanet Inc. (@Metaplanet_JP) April 30, 2025
Different Notable Strikes By David Bailey Inside The Crypto World
Bailey can be the CEO of Nakamoto Holdings Inc., a Bitcoin treasury firm that introduced a merger with the healthcare providers agency Kindly MD Inc. in Could. Kindly MD has raised about $760 million via fairness and convertible notice gross sales for its Bitcoin portfolio, in accordance with a press release launched in June.
On the time of the merger announcement, Bailey acknowledged that Nakamoto, named after Bitcoin’s nameless inventor, would use Bitcoin to amass public firms worldwide and convert them into treasury automobiles.
210k Capital is now markets with out spot Bitcoin exchange-traded funds, corresponding to India, South Korea, and nations in Southeast Asia and Latin America. “These are all alternatives we’re very captivated with, and we hope to announce a deal quickly,” Evans commented.
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