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ProCap BTC to Appoint Renae Cormier as Chief Financial Officer
Globenewswireยท 2025-10-20 12:00
Core Insights - ProCap BTC has appointed Renae Cormier as Chief Financial Officer, effective December 1, 2025, to enhance its financial leadership ahead of a business combination with Columbus Circle Capital Corp I [1][3] - Cormier has over two decades of experience in accounting, finance, and investing, previously serving as CFO at Semler Scientific, which adopted Bitcoin as a reserve asset [2][3] - ProCap BTC has raised over $750 million from investors and aims to improve the financial lives of 1 billion people through its services [5] Company Overview - ProCap BTC, LLC is a modern financial services firm that leverages Bitcoin as a balance sheet reserve asset [1][5] - The company is in the process of a business combination with Columbus Circle Capital Corp I, which will create ProCap Financial, Inc. [5][6] - The firm aims to offer innovative financial products and services, focusing on the integration of Bitcoin into corporate reserves [3][5] Leadership and Strategy - Renae Cormier's appointment is expected to strengthen the executive team, which includes CEO Anthony Pompliano and other key officers [3] - Cormier's experience in integrating Bitcoin into corporate finance is seen as a strategic advantage for scaling the company [3] - The leadership team is focused on building a modern financial services firm that utilizes innovative technologies [3]