Company Overview - ProCap BTC, LLC is a bitcoin-native financial services firm founded by Anthony Pompliano, who has invested in over 300 private companies and is a prominent voice on bitcoin globally [5] - The company is in the process of a proposed $1 billion business combination with Columbus Circle Capital Corp. I to go public as ProCap Financial, Inc. [1][3] Recent Developments - ProCap BTC has purchased 1,208 bitcoin at a time-weighted average price of $105,977 per bitcoin, increasing its total holdings to 4,932 bitcoin [1][2] - The acquisition is part of the company's ongoing bitcoin purchase program, aimed at providing immediate bitcoin exposure to equity investors [2] Future Strategy - ProCap BTC plans to continue accumulating bitcoin for its balance sheet, with expectations to hold up to $1 billion in bitcoin upon closing the proposed business combination [3] - The company views bitcoin as a new hurdle rate and intends to implement various profit-generating products and services tailored for large financial institutions and institutional investors [3][5] Business Combination Details - The business combination agreement was signed on June 23, 2025, and involves multiple parties including Crius SPAC Merger Sub, Inc. and Inflection Points Inc. [7] - ProCap Financial will file a Registration Statement with the SEC, which will include a preliminary proxy statement and a prospectus related to the proposed transactions [7][8]
Anthony Pompliano's ProCap BTC, LLC Buys Another 1,208 Bitcoin and Now Holds A Total of 4,932 Bitcoin