Anthony Pompliano is pushing his bitcoin-focused financial platform ProCap BTC to go public through a merger valued at $1 billion with Columbus Circle Capital Corp. I (CCCM), a SPAC sponsored by an affiliate of Cohen & Company.

Key Highlights:

• ProCap plans to operate as one of the largest bitcoin treasuries in public markets.
• It raised $550 million in preferred equity and secured an additional $225 million in convertible notes, thereby providing shareholders with immediate bitcoin exposure before the merger’s completion.

Pompliano, an established voice in the bitcoin investment landscape, indicated ProCap’s mission to merge digital assets with traditional financial strategies. The company aims to profit by not only holding BTC but also utilizing its balance across various yield-generating tactics.

“The legacy financial system is being disrupted by bitcoin,” said Pompliano. “ProCap Financial represents our solution to the increasing demand for bitcoin-native financial services among sophisticated investors.”

The merger is anticipated to conclude before the end of 2025, pending the necessary SEC review and shareholder approval.