Anthony Pompliano, founder of ProCap BTC LLC, announced today that it has purchased another 1208 BTC at a TWAP of $105,977 per Bitcoin, accumulating its holdings to 4932 BTC. The company acquired 3724 BTC on Tuesday for $386 million. The company aligns with the recent $1 billion merger announcement with Columbus Circle Capital Corp. I to go public later this year as ProCap Financial, Inc. Columbus Circle Corp. I, a special purpose acquisition company, will help ProCap BTC become a public entity under the new name ProCap Financial, Inc. ProCap plans to hold up to $1 billion worth of Bitcoin to enhance its ability to offer financial services that are tailored for large institutions and investors. The company used investor signing funds to accumulate Bitcoin, giving them immediate Bitcoin exposure from the equity raise. ProCap BTC plans to accumulate $1 billion worth of Bitcoin to go public The time-weighted average price (TWAP) for the 2nd purchase may differ from the signing Bitcoin price due to the Business Combination Agreement signed by CCCM and ProCap on June 23, 2025. At the close of the proposed business partnership, ProCap Financial Inc. is expected to hold up to $1 billion in Bitcoin. Pompliano believes Bitcoin is the new hurdle rate, and if you can’t beat it, you buy it. Anthony Pompliano, founder of ProCap BTC, LLC, has invested in more than 300 private companies and is reportedly known as one of the leading voices on Bitcoin globally. We have purchased another 1,208 bitcoin. The average price was ~ $105,977 per bitcoin. We now hold a total of 4,932 bitcoin. $CCCM is one of the few bitcoin treasury companies that recently raised capital with the ability to offer equity investors exposure to bitcoin now… pic.twitter.com/cJWdj6RcW3 — Anthony Pompliano 🌪 (@APompliano) June 25, 2025 Columbus Circle Capital Corp. I (NASDAQ: CCCM), a Cayman Islands incorporated bank check company, was formed to enable mergers, share exchanges, asset acquisitions, share purchases, and reorganization of a business or more businesses. CCCM prides itself on the wealth of experience in its executive team, including CEO and Chairman Gary Quin, an investment banker with over 25 years of experience in cross-border M&A, private equity, and capital markets. COO Dan Nash is an investment banker with expertise in SPAC execution and building advisory platforms; lastly, CFO Joseph W. Pooler, Jr., has experience in public company financial leadership. CCCM stock is trading at $10.80, down by 5.26% today, with a day range of $10.71 – $11.19 . The YTD is up by 6.41%. The stock has stayed low today despite the recent merger with ProCap BTC LLC, signaling a lag in investor confidence. Pompliano says the race is on to acquire more Bitcoin Anthony Pompliano revealed that ProCap now holds more Bitcoin than Gamestop, one of the public Bitcoin Treasuries currently holding 4710 BTC. He said that the race is on to acquire as many Bitcoins as possible. According to Pompliano, Bitcoin Treasuries have been rushing to accumulate Bitcoin, triggered by cheap capital yield promises and brand-name endorsements, which may resemble a bubble. ProCap is the latest company to join the new wave of companies accumulating Bitcoin for corporate treasuries. If the company were to go public today, it would rank the 13th largest among public companies holding Bitcoin, just behind Next Technology Holding Inc. ProCap Financial Inc., the newly formed company from the merger, plans to be listed on Nasdaq after finalizing regulatory approvals from the Securities and Exchange Commission (SEC), according to Constantine Karides, chief legal counsel on the deal. Pompliano acknowledged that Bitcoin is disrupting legacy financial systems right before their eyes. The objective is to develop a platform that will acquire Bitcoin for their balance sheets and implement risk-managed solutions to create sustainable revenue and profits from the Bitcoin holdings. Meanwhile, several other firms have announced plans to purchase Bitcoin Treasuries, including real estate mogul Grant Cardone’s company, which announced a 1000 BTC bid for its corporate treasury. Mineral exploration company Panther Metals also announced a Bitcoin Treasury strategy that will combine traditional mining assets with crypto and purchase of Bitcoin worth $5.4 million. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
