According to PANews, Anthony Pompliano has announced the merger of his private company, ProCap BTC, LLC, with Nasdaq-listed SPAC company Columbus Circle Capital Corp I ($CCCM) to form a new entity named ProCap Financial. The newly established company is valued at $1 billion. Pompliano also revealed the completion of a $750 million financing round, marking the largest initial funding for a publicly listed Bitcoin treasury company. ProCap Financial will focus on acquiring Bitcoin and developing profitable financial products based on its holdings.

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