Renowned cryptocurrency advocate Anthony Pompliano is set to lead a new investment initiative aimed at accumulating Bitcoin, with plans to secure $750 million in funding. This move comes as investors are increasingly leaning into cryptocurrency amidst a more favorable stance from the current White House administration.
According to a report from the Financial Times on Friday, Pompliano is expected to assume the role of chief executive at ProCapBTC, an organization that intends to purchase significant amounts of Bitcoin through a merger with a special purpose acquisition company (SPAC).
The SPAC in question, Columbus Circle Capital 1, has recently gone public, supported by New York-based investment bank Cohen & Company. In late May, the SPAC completed a $250 million initial public offering, providing a timely entry point as investment capital returns to crypto-related projects.
Crypto influencer Anthony Pompliano set to launch bitcoin-buying vehicle https://t.co/jMZ0PVx9qZ
— Financial Times (@FT) June 12, 2025
A spokesperson for Pompliano did not respond to Finance Newso’ inquiry by the time of publication.
Pompliano Brings SPAC Experience After $220M Raise In Separate Venture
Per the report, ProCapBTC aims to raise $500 million in equity, supplemented by another $250 million in convertible debt.
This strategy is reminiscent of those employed by other Bitcoin-oriented firms, such as MicroStrategy, led by Michael Saylor, and Japan’s Metaplanet, both of which have attracted investor interest through their aggressive investment in digital currencies.
The public announcement of the deal could occur as soon as next week, although details remain under negotiation.
New Listings Signal Revival Of US IPO Market Amid Crypto Optimism
Pompliano has experience with public offerings, having recently raised $220 million for a separate blank-cheque company that is not connected to the ProCapBTC initiative.
This development comes at a time when a resurgence of crypto-related public listings is revitalizing the U.S. IPO market.
Just this week, Bullish, backed by investor Peter Thiel, confidentially filed for a public listing, and the Winklevoss twins’ Gemini platform has also announced plans to go public. Additionally, shares of stablecoin issuer Circle surged nearly 170% upon their trading debut.
Much of this optimism is rooted in a political backdrop perceived as beneficial by many crypto investors. President Donald Trump has notably expressed support for digital assets during his second term, drawing in a fresh wave of investment into the industry.
Firms that align with this political narrative, including Trump’s publicly traded media company, have attracted billions from investors who are betting on continued regulatory support.
Despite his involvement with the administration, Pompliano has not hesitated to voice criticism. Recently, he expressed concern about Trump’s threat to remove Federal Reserve Chair Jerome Powell, calling it a risk to central bank independence. “The idea of firing the Fed chairman is a very bad precedent to set,” he remarked.
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