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ProCap Increases Bitcoin Investments with $128 Million Purchase

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by Giorgi Kostiuk

5 hours ago

ProCap BTC, founded by Anthony Pompliano, has made a significant investment in Bitcoin, increasing its assets by $128 million.

ProCap's Bitcoin Investments

ProCap BTC purchased an additional 1208 BTC at an average price of $105,977 per Bitcoin. The total investment amounted to $128,020,216, increasing the company's holdings to 4932 BTC.

Confidence in BTC's Future

Pompliano emphasized that despite market volatility, this acquisition confirms ProCap's confidence in Bitcoin as a promising asset. "Bitcoin is the new benchmark for all investments," he stated, implying that other assets need to outperform BTC to be appealing to investors.

Competition Among Institutional Investors

Pompliano also cautioned potential investors in the broader financial market: "If you can’t beat it, you have to buy it." ProCap has ambitions to catch up with the Japanese firm Metaplanet, which holds 11,111 BTC and has set a new target for 2027.

Thus, with the new investment, ProCap is boosting its market presence and demonstrating confidence in Bitcoin as a reliable long-term investment.

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