Anthony Pompliano's ProCap BTC LLC and Columbus Circle Capital Corp I Amend Business Combination Agreement to Provide Columbus Circle Capital Corp I Public Shareholders with Opportunity for Bitcoin Appreciation

Core Viewpoint - ProCap BTC and Columbus Circle Capital Corp I have amended their business combination agreement to enhance exposure for CCCM public shareholders to Bitcoin price appreciation through ProCap BTC's holdings [1][2] Group 1: Business Combination Details - The amendment allows CCCM public shareholders who do not redeem their shares to receive additional common stock in the new entity, ProCap Financial [1][4] - ProCap BTC raised over $750 million for the business combination, acquiring 4,950 Bitcoin at an average price of $104,343, with the current Bitcoin price at approximately $118,900, valuing the holdings at $588.6 million [2] - If the value of the Bitcoin at closing exceeds the signing price, ProCap BTC unitholders will receive additional shares based on their ownership [3] Group 2: Share Allocation - 85% of the adjustment shares will be allocated to preferred equity investors, while the remaining 15% will now be allocated to CCCM public shareholders who do not redeem their shares [4] - This reallocation was made under the recent amendment to the agreement [4] Group 3: Company Background - ProCap BTC is a Bitcoin-native financial services firm founded by Anthony Pompliano, who has significant experience in private investments and is a prominent voice in the Bitcoin community [6] - ProCap Financial, the resulting company from the business combination, aims to provide profit-generating products and services tailored for large financial institutions and institutional investors [6][7] Group 4: Market Perspective - The ProCap Financial team views Bitcoin as a new benchmark for investment returns, suggesting that investors must either outperform Bitcoin or invest in it directly [5]