American investor and entrepreneur Anthony Pompliano has unveiled plans for a groundbreaking merger worth $1 billion, aimed at establishing a Bitcoin-native financial entity named ProCap Financial. In a recent post on X, Pompliano confirmed that the company has successfully garnered $750 million from prominent institutional investors on Wall Street.
According to Pompliano, ProCap Financial is set to become a publicly traded firm on Nasdaq following its merger with Columbus Circle Capital Corp. through a special purpose acquisition company (SPAC).
“As part of the business combination, I have raised over $750 million, marking the largest initial fundraise in history for a publicly traded bitcoin treasury company,” Pompliano stated.
Today I am announcing a $1 BILLION merger to create ProCap Financial, a bitcoin-native financial services.
The company will be a publicly traded entity on Nasdaq at the conclusion of the proposed business combination between my private company ProCap BTC, LLC and Columbus Circle…
— Anthony Pompliano (@APompliano) June 23, 2025
ProCap to Enhance BTC Treasury Sector
Pompliano emphasized that ProCap intends to strategically acquire Bitcoin assets and generate revenue and profits through its BTC holdings. As per the official announcement, ProCap Financial plans to maintain up to $1 billion in Bitcoin within its balance sheet while providing a range of services including trading, lending, and capital markets, all conducted in Bitcoin.
The $750 million raised comprises $235 million in convertible debt, with the remainder originating from equity investments.
“It is time to get to work,” remarked Pompliano, who also hosts a podcast. He engaged with Strategy’s CEO, Michael Saylor, expressing that “Your idea is spreading globally as people realize the value of Bitcoin.”
In fact, inspired by Strategy (formerly known as MicroStrategy), which has amassed a substantial Bitcoin reserve of 592,345, public companies are increasingly positioning themselves as Bitcoin proxies.
Bridging Bitcoin and Conventional Finance
Pompliano conveyed that ProCap is poised to transcend the typical model, aiming to construct a comprehensive financial services platform that enhances Bitcoin accumulation. He stated, “Our objective is to develop a platform that will not only acquire bitcoin for our balance sheet, but will also implement risk-mitigated solutions to generate revenue and profits from our bitcoin holdings.”
Moreover, the announcement indicated that equity investors will have immediate exposure upon the merger’s completion.
“ProCap Financial aims to become the leading financial services firm at the intersection of bitcoin and traditional finance,” Pompliano added.
In an interview with Finance Newso, he articulated that the vision for ProCap is to resemble a conventional financial institution, which presents a distinctive appeal to capital allocators.
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