Anthony Pompliano’s $1B merger forms ProCap Financial, raising $750M to hold $1B in Bitcoin, offering lending and trading services.
Anthony Pompliano has disclosed a new $1 billion merger to establish ProCap Financial, a bitcoin-native financial services provider. The company has also raised an initial $750 million to establish a Bitcoin Treasury, the largest inaugural fundraising effort for a public company.
ProCap Financial Records the Largest Initial Fundraise for Bitcoin Treasury
Anthony Pompliano disclosed in an X post that he had raised over $750 million as part of the $1 billion merger that established ProCap Financial. This represents the largest initial financing for a publicly-traded Bitcoin Treasury company.
Pompliano also disclosed the specifics of the $1 billion merger that would establish the organization offering BTC services. It will become a publicly traded entity on the Nasdaq upon completing the proposed business combination between Columbus Circle Capital Corp and Pompliano’s private corporation, ProCap BTC LLC.
The ticker symbol for ProCap Financial will be ‘CCCM.’ Pompliano noted that they are privileged to have secured this capital from some of the most prominent institutional investors on Wall Street, although he did not specify any names.
The organization will prioritize the acquisition of Bitcoin for its balance sheet, in addition to the development of products and services that will generate revenue and profit from the BTC on its balance sheet over time.
Immediately following the announcement, Michael Saylor, Strategy’s co-founder, extended his congratulations to Pompliano on this significant achievement. Intriguingly, Saylor’s organization has recently disclosed an additional Bitcoin acquisition, which brings its aggregate Bitcoin holdings to 592,345 BTC.
