Pompliano’s ProCap Buys $386M Bitcoin After $1B SPAC Deal
Summary
ProCap BTC, led by entrepreneur Anthony Pompliano, purchased 3,724 Bitcoin for $386 million, now valued near $400 million. The acquisition occurred shortly after announcing plans to go public through a merger with Columbus Circle Capital, aiming to raise over $750 million. ProCap intends to acquire up to $1 billion in Bitcoin as part of its strategy. The firm’s holdings would rank as the 14th largest among public companies if it went public today. Other companies are also increasing Bitcoin acquisitions, including Strategy with 592,345 BTC and Metaplanet with 11,111 BTC. Grant Cardone's firm bought 1,000 BTC, while Panther Metals and Green Minerals announced plans for significant Bitcoin investments.
