Anthony Pompliano to Lead $750M Bitcoin Investment Task ProCapBTC
ProCapBTC prepares to raise $750 million through equity and convertible debt for large-scale Bitcoin purchases. The venture is merging with Columbus Circle Capital 1, a SPAC backed by Cohen & Company. The deal comes as U.S. crypto regulations ease under President Trump, fueling institutional interest. Anthony Pompliano is preparing to become the CEO of a new Bitcoin-focused investment venture named ProCapBTC. The merger with the Cohen-backed SPAC would help bring ProCapBTC to the public markets and secure capital for large-scale Bitcoin acquisitions. If fully deployed into Bitcoin, the $750 million fund would position ProCapBTC just outside the top 10 holders worldwide.
ProCapBTC plans to raise $750 million through equity and convertible debt for large-scale Bitcoin purchases. The venture is combining with Columbus Circle Capital 1, a SPAC backed by Cohen & Company. The deal comes as U.S. crypto regulations ease under President Trump, fueling institutional interest. Anthony Pompliano is preparing to become the CEO of a new Bitcoin-focused investment venture called ProCapBTC. The merger with the Cohen-backed SPAC would help bring ProCapBTC to the public markets and secure capital for massive Bitcoin acquisitions. If fully deployed into Bitcoin, the $750 million fund would position ProCapBTC just outside the top 10 holders worldwide.
ProCapBTC prepares to raise $750 million through equity and convertible debt for large-scale Bitcoin purchases. The venture is merging with Columbus Circle Capital 1, a SPAC backed by Cohen & Company. The deal comes as U.S. crypto regulations ease under President Trump, fueling institutional interest. Anthony Pompliano is preparing to become the CEO of a new Bitcoin-focused investment venture named ProCapBTC. According to a report by Financial Times, the company aims to raise $750 million through a deal involving Columbus Circle Capital 1, a special purpose acquisition company (SPAC) endowed by Cohen & Company. This move comes amid an uptick in crypto market activity and renewed interest in BTC from both investors and institutions.
Offer Structure Includes Equity and Convertible Debt
According to sources cited by the Financial Times, ProCapBTC is planning a capital raise through a combination of equity and convertible debt. The proposed breakdown consists of $500 million in equity and $250 million in convertible debt. The merger with the Cohen-backed SPAC would help bring ProCapBTC to the public markets and secure capital for massive Bitcoin acquisitions. If fully deployed into Bitcoin, the $750 million fund would position ProCapBTC just outside the top ten holders worldwide. The BitcoinTreasuries.net tracker currently indicates that 126 public companies collectively hold nearly 820,000 BTC. This strategy mirrors the approach taken by MicroStrategy (MSTR), which now holds approximately $61 billion worth of Bitcoin.
Pompliano Follows Path Pioneered by Michael Saylor
Michael Saylor, CEO of MicroStrategy, is widely recognized for leading corporate Bitcoin accumulation. Pompliano’s ProCapBTC seems to be following a similar trajectory, aiming to utilize Bitcoin as a treasury reserve asset. This move signals a growing trend among corporate leaders embracing digital assets as part of their long-term financial strategy. While Pompliano has not issued a public statement, reports suggest the deal could be finalized in the coming days. The agreement is still under negotiation, and the final terms may yet change.
Regulatory Shifts and Market Optimism Fuel Interest
The emergence of ProCapBTC coincides with recent developments in U.S. crypto regulation. President Donald Trump has openly embraced the crypto sector, describing it as a “privilege” to support the industry. Regulatory easing under his administration has encouraged several firms to explore token-related initiatives and public offerings. Recently, stablecoin issuer Circle surged 168% on its debut day. Separately, Bullish Group, the parent company of CoinDesk and Bullish Exchange, is also reportedly eyeing an IPO. These events underscore the growing appetite for crypto-related equities and investor confidence. Cohen & Company declined to comment on the ProCapBTC transaction to the media. While not officially announced yet, an announcement may be forthcoming based on the outcome of ongoing negotiations.
ProCapBTC aims to raise $750 million through equity and convertible debt for large-scale Bitcoin acquisitions. The merger with the Cohen-backed SPAC would facilitate ProCapBTC’s entry into the public markets and financing for substantial Bitcoin purchases. If fully allocated to Bitcoin, the $750 million fund would position ProCapBTC just outside the top ten global holders. Pompliano’s ProCapBTC appears to be treading a similar path, looking to leverage Bitcoin as a treasury reserve asset.
