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2026-07-04 03:30:14

Anthony Pompliano’s ProCap BTC Buys $386 Million in Bitcoin and Prepares for a Public Merger

ProCap BTC, LLC, a bitcoin-native financial services firm backed by Anthony Pompliano, announced the purchase of 3,724 BTC at a time-weighted average price of $103,785 per bitcoin, bringing the total value of the acquisition to roughly $386 million. The company said it intends to continue accumulating bitcoin for its balance sheet as part of its ongoing business strategy. The announcement comes shortly after ProCap BTC revealed a definitive agreement to merge with Columbus Circle Capital Corp. I, listed on NASDAQ under the ticker CCCM, to create ProCap Financial, Inc. According to the disclosure, the combined company is expected to launch with up to $1 billion in bitcoin on its balance sheet, a scale described as the largest initial fundraising for a public bitcoin treasury company to date. The deal structure includes $516.5 million in equity and $235 million in convertible notes. Pompliano said the legacy financial system is being disrupted by bitcoin and positioned ProCap Financial as a response to growing demand for bitcoin-native financial services from sophisticated investors. He added that the company aims not only to accumulate bitcoin, but also to deploy risk-mitigated strategies designed to generate revenue and profit from its holdings. CCCM CEO Gary Quin endorsed the merger, highlighting Pompliano’s record as an investor, operator, and early advocate in the bitcoin ecosystem.

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Anthony Pompliano’s ProCap BTC Buys $386 Million in Bitcoin and Prepares for a Public Merger
Anthony Pompliano's ProCap BTC Acquires $386M in Bitcoin, Plans $1B Treasury Reserve
Anthony Pompliano's ProCap BTC Buys $386M in Bitcoin, Plans Merger to Form $1B Bitcoin Treasury Company