Anthony Pompliano's Bitcoin Treasury Firm ProCap BTC Closes SPAC Merger Deal

Special purpose acquisition company (SPAC) Columbus Circle Capital (BRR) and ProCap BTC — led by Anthony Pompliano and having raised more than $750 million to build a bitcoin treasury firm — closed their merger late Friday. The combined company has been renamed ProCap Financial and will begin trading on the Nasdaq under the BRR symbol on Monday. The performance of the hastily-formed bitcoin treasury companies (BTCTCs) this year has been disastrous, with most down 90% or more following their SPAC combinat ...