Anthony Pompliano's company, ProCap BTC, LLC, purchased 3,724 Bitcoins for $386.66 million following a merger announcement with Columbus Circle Capital Corp. The article explores the details of the deal and the company's plans.
Bitcoin Purchase and Company Merger
ProCap BTC, LLC announced the acquisition of 3,724 Bitcoins at an average price of $103,785 per coin on June 24, 2025, shortly after announcing the merger with public company Columbus Circle Capital Corp. as part of a $1 billion deal. The Bitcoins will be held on the company's balance sheet until the merger is completed.
Funding Sources
In addition to acquiring Bitcoins, Pompliano raised over $750 million to finance the deal. This amount includes $516.5 million from investors who bought shares and $235 million from convertible notes, which bear no interest and can be converted into shares.
Goals and Expectations After Merger
After the merger is complete, ProCap BTC is expected to become public company ProCap Financial, Inc. and continue to expand its Bitcoin holdings, aiming to have up to $1 billion in assets. Pompliano mentioned that well-known investors, such as Magnetar Capital and Blockchain.com, joined the deal.
Pompliano's company aims to develop a platform that not only acquires Bitcoins but also implements risk-mitigated solutions to generate revenue from its holdings.
