A key architect of the lobbying campaign that transformed Donald Trump into a powerful defender of the cryptocurrency made a remarkably profitable investment in one of the most speculative areas in the industry. David Bailey and his 210K Capital Hedge Fund obtained a net return of 640% in the 12 months preceding June.
It was carried out by investing in a dozen companies that started buying bitcoin, according to a source familiar with the situation. This performance has considerably exceeded Bitcoin gains itself. As of June 30, the assets of the under management fund (AUM) totaled $ 433 million.
lol. GM pic.twitter.com/3rwlbnm60
– David Bailey
$ 1.0 million / BTC is the ground (@davidfbailey) July 18, 2025
$ 1.0 million / BTC is the ground (@davidfbailey) David Bailey Orange folded the president before reaching 640% of earnings for his hedge fund 210K
Bailey, whom Trump has publicly attributed for helping to move his skeptical Bitcoin point of view to the lawyer, is part of an increasing list of crypto leaders who benefited from the Boom triggered by the Trump’s presidential election. Trump’s pro -industrial program has propelled bitcoin to record heights and ignited a wave of companies wishing to become attorney for the original token – something that 210K capital has successfully taken advantage.
The fund obtained this by investing in listed companies and encouraging businesses in various sectors, from hospitality to web design, to start accumulating Bitcoin. A notable investment was in The Smarter Web PLC, based in Guildford, in the United Kingdom, which would have generated an astonishing yield of around 14,000%.
Although Bailey’s strategy has given impressive results, it involves a level of risk that differs clearly from the typical approaches to hedge funds.
Smarter Web completed its first public public call to the Aquish Stock Exchange in London in April to collect funds against the purchase of Bitcoin. After obtaining a million combined sterling pounds ($ 2.8 million) thanks to a pre-time round and public offer, the actions of Smarter Web increased in value.
Smarter Web has accumulated 1,600 bitcoin, which is worth around $ 190 million. However, the company’s share price highlights the risks associated with the 210K capital strategy: the share dropped by around 55% compared to its peak on June 20.
210K Capital invested £ 780,000 in the pre-time financing cycle, during which he also received action mandates, according to the director general of Smarter Web, Andrew Webley. The participation of 15% of the fund is now estimated at nearly 110 million pounds Sterling.
Although these cryptographic treasure actions have proven to be very lucrative for certain investors, they also showed significant volatility. For example, the actions of Sharplink Gaming Inc. focused on Ether Inc.
($ SBET) fell by around 70% on June 13 following what President Joseph Lubin described as a routine file. However, it should be noted that Sbet has since rebounded and has increased by almost 300% of these stockings in mid-June.
(SOURCE))
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Trump’s ties with Bailey started at the Tennessee Bitcoin conference in July 2024
At a Bitcoin conference in July 2024 in Nashville, Tennessee, Trump went on stage and promised his support for the cryptocurrency industry, marking an important moment for the field.
During this speech, the present president expressed his ambition to make the United States “the world capital of cryptography” and specifically recognized Bailey for his role in lobbying in the name of the presidential candidate. “So David, congratulations, whatever you do, you did a wonderful job,” said Trump. Earlier, Bailey had urged other crypto enthusiasts to help collect $ 100 million for the Trump campaign.
Bailey’s bonds with the presidential family extend beyond his support for Trump. The president, Eric’s son, is a member of the new strategic board of directors of Metaplanet Inc. This Japanese hotelier who has become Bitcoin Proxy is one of the largest investments of 210,000 capital, representing approximately a quarter of his portfolio. Bailey also sits on the Metaplanet Advisory Council.
Metaplanet, which previously operated a chain of hotels in Japan, was one of the first companies to adopt the model launched by Michael Saylor, whose strategy now contains about $ 70 billion in Bitcoin. Since he announced his intention to become a bitcoin accumulator in April 2024, Metaplanet’s shares jumped approximately 9,400%.
210K Capital paid $ 1 million to buy mandates from a Metaplanet shareholder at that time and then exercised these mandates for ordinary actions, according to Evans. The investment is now worth around $ 106 million, he added. Before Metaplanet’s strategic change, the total assets of 210k capital under management amounted to only $ 44 million, as reported by Evans.
To help Metaplanet in its transition, an UTXO employee was integrated into the company and worked closely with CEO Simon Gerovich. “I don’t think we can take a single credit for the idea,” said Evans concerning Metaplanet’s strategy change. “But we pushed very strongly for that and made a convincing case.”
* Appointment of David Bailey to the Council of Strategic Advisors * pic.twitter.com/iwhvascku
– Metaplanet Inc. (@metaplanet_jp) April 30, 2025
Other notable movements by David Bailey in the world of cryptography
Bailey is also the CEO of Nakamoto Holdings Inc., a Bitcoin cash company which announced a merger with the health service company Knily MD Inc. in May. According to a press release published in June.
At the time of the announcement of the merger, Bailey said that Nakamoto, named after the anonymous inventor of Bitcoin, would use Bitcoin to acquire public companies around the world and convert them into treasury vehicles.
210K Capital is now considering contracts without negotiated funds in exchange for bitcoins, such as India, South Korea and the countries of Southeast Asia and Latin America. “These are all opportunities that are very enthusiastic, and we hope to announce an agreement soon,” said Evans.
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