Anthony Pompliano's firm, ProCap BTC, has announced the acquisition of 1,208 bitcoins, increasing its total to 4,932 BTC. This deal comes amid growing optimism in the cryptocurrency market.
ProCap BTC Expands Holdings
ProCap BTC has executed its second major bitcoin purchase in less than a week, investing in 1,208 BTC at an average price of $105,977. This followed an earlier acquisition of 3,724 BTC. The build-up of reserves coincides with a merger announcement with Columbus Circle Capital Corp, aimed at taking the company public under the brand ProCap Financial, Inc.
Bitcoin Approaches Key Resistance
Bitcoin is currently trading around $107,700, showing strong upward momentum. Chart analysis indicates a key resistance level at $108,924, marking the last hurdle before a potential breakout. Market analyst Michaël van de Poppe noted that consolidation might precede a breakout within one to two weeks.
Strategic Treasury Allocation Signals Institutional Confidence
ProCap BTC's strategy positions it among the most active corporate bitcoin accumulators in 2025. The firm views bitcoin as a core treasury asset, indicating confidence in its long-term use. As regulatory clarity improves, other institutional players may follow suit.
ProCap BTC's aggressive accumulation of bitcoin highlights the growing interest of institutional investors in cryptocurrencies, potentially accelerating price discovery in the market.
