Trump’s Bitcoin Adviser Scores 640% Gain as Treasury Strategy Pays Off
David Bailey’s Hedge Fund Skyrockets as Trump Embraces Bitcoin
David Bailey, one of the key figures behind former President Donald Trump’s shift toward cryptocurrency, is quietly building an empire from his Bitcoin-focused hedge fund. His firm, 210k Capital, has returned a staggering 640% in just 12 months through June 2025, according to figures obtained by Bloomberg from a confidential source.
Bailey, best known as the founder of Bitcoin Magazine and the man behind BTC Inc., reportedly played a central role in transforming Trump from a crypto skeptic into a vocal advocate. Now, as Bitcoin hits all-time highs, Bailey’s fortune is surging alongside it.
Hedge Fund’s Success Rooted in Bitcoin Treasury Investments
Based in the U.S., 210k Capital focuses heavily on Bitcoin treasury investments — backing publicly traded companies that have added BTC to their balance sheets. The firm’s positions span the United States, United Kingdom, Canada, Australia, and Sweden.
Bitcoin treasury companies have flourished amid BTC’s record surge since early 2024. Source: Cointelegraph
The hedge fund operates under the umbrella of UTXO Management and has stakes in a broad range of Bitcoin-linked firms including:
Tyler Evans, managing partner at 210k, told Bloomberg the fund is eyeing 30 more investments in similar “Bitcoin proxy” companies.
Bitcoin Boom Fuels Public and Private Treasury Adoption
The firm’s gains mirror a broader trend: corporate Bitcoin adoption has intensified in 2025. Companies following Michael Saylor’s Strategy (formerly MicroStrategy) have grown exponentially since Saylor first moved his firm into BTC in August 2020.
As of July 2025:
Public companies now hold 868,709 BTC.
Private firms account for another 292,355 BTC.
Public companies currently hold 868,709 BTC on their balance sheets, while known private firms account for an additional 292,355 BTC. Source: BitcoinTreasuries.NET
Bitcoin recently topped $123,000, reinforcing the gains of those who embraced BTC early as a strategic reserve asset.
Bailey’s Other Ventures and a Potential IPO
Bailey is also behind Nakamoto Holdings, which made headlines in May after raising $300 million — with another $51.5 million added following a merger with healthcare firm KindlyMD. The goal? To further expand its Bitcoin treasury playbook and explore a potential public listing.
Despite soaring prices, not everyone is convinced of the long-term viability of Bitcoin treasury strategies.
Venture capital firm Breed cautions that these firms’ health depends on maintaining a high Market value to Net Asset Value ratio (MNAV). If Bitcoin’s price dips, firms might find themselves over-leveraged, with limited room to raise additional capital.
Glassnode analyst James Check echoed the concern:
“We’re already close to the ‘show me’ phase. Without a solid niche, new entrants may struggle to gain a lasting foothold,” he posted on X.
Crypto Adoption Accelerates as Politics Intervene
Bailey’s influence comes at a pivotal time. Just last week, the Republican-led House of Representatives passed three major crypto bills, covering stablecoins, digital market structure, and a ban on central bank digital currencies (CBDCs).
Lawmakers pass the CLARITY Act on July 17. Source: US House of Representatives
The intersection of policy, presidential politics, and cryptocurrency continues to reshape the financial landscape — and Bailey is not only watching from the sidelines but helping to write the script.
Rhapsody of Realities is a life guide that brings you a fresh perspective from God’s Word every day. It features the day’s topic, a theme scripture, the day’s message, the daily confession and the Bible reading plan segment. It is God's Love Letter to You!
