Anthony Pompliano’s company, ProCap BTC, LLC, has purchased 3,724 Bitcoins worth $386.66 million shortly after it announced a $1 billion business merger with a public company called Columbus Circle Capital Corp. I, which is listed on the stock market under the name CCCM on June 23. According to the press release, the BTC was bought on June 24, 2025, at an average price of $103,785 per coin.
This was the plan right from time to use the raised funds to buy Bitcoin quickly and give equity investors immediate exposure to the digital asset. “If you can’t beat it, you have to buy it,” the company stated. The bitcoin is now held on the firm’s balance sheet and will stay in custody until the business merger is complete.
Initially, the plan is for ProCap BTC to merge with CCCM and become a new public company called ProCap Financial, Inc. After that, the new company will be listed on the NASDAQ and will continue buying Bitcoin as part of its business. The company hopes to have up to $1 billion worth of bitcoin on its books after the merger is completed.
Pompliano raised over $750 million for this plan. This includes $516.5 million from investors who bought shares and $235 million from convertible notes. These notes don’t charge interest, but can be turned into shares later, and are backed by double their value in either cash or bitcoin.
The U.S. Bank National Trust will make sure the bitcoin and money are handled properly and will act as the trustee for the loans. The company says these notes are mostly meant for big, professional investors, not the general public.
Pompliano said he is proud to have top investors join the deal. These investors are well-known, including Magnetar Capital, Blockchain.com, Arrington Capital, and Parafi. Individual supporters like Mark Yusko, Jason Williams, and Tony Guoga also joined in.
According to Pompliano, “Our objective is to develop a platform that will not only acquire Bitcoin for our balance sheet, but will also implement risk-mitigated solutions to generate revenue and profits from our Bitcoin holdings.”
The merger is expected to be finished by the end of 2025. Once done, people who owned shares in CCCM or units in ProCap BTC will receive shares in the new company, ProCap Financial.
Also Read: Texas Approves $10M to Launch First Public Bitcoin Reserve
