According to the press release dated June 24, 2025, ProCap BTC, LLC has bought 3,724 Bitcoins for $386 million, and each BTC has been purchased at an average price of $103,758.
Following the purchase, Anthony Pompliano said that, “ This purchase happened within one day after announcing a $1 BILLION merger and over $750 million fundraise.”
ProCap BTC plans to continue buying Bitcoin for its balance sheet as a part of its business strategy; by the end, the company is expected to hold BTC worth $1 billion.
It is worth noting that ProCap BTC has raised over $750 million in funding, including $516.5 million—$550 million in equity and $225 million—$235 million in convertible notes, to fund its Bitcoin acquisition and operations plan.
Despite holding Bitcoins, ProCap BTC plans to generate revenue through yield-generating strategies, such as lending, trading, and capital market services.
In an X post dated June 25, 2025, Anthony said, “ We filed an 8-K today for the proposed business combination between ProCap BTC, LLC and Columbus Circle Capital Corp, which will create the publicly listed ProCap Financial at the closing of the deal.”
We have purchased 3,724 Bitcoin. This purchase happened within one day after announcing a $1 BILLION merger and over $750 million fundraise.The average price was ~ $103,785 per bitcoin.We believe bitcoin is the new hurdle rate. If you can’t beat it, you have to buy it.… pic.twitter.com/eX1iI9fVhm
— Anthony Pompliano (@APompliano) June 24, 2025
What’s ProCap BTC’s merger with Columbus Circle Capital?
The merger between ProCap BTC and Columbus Circle Capital Corp. is a strategic business combination aimed at forming ProCap Financial Inc., a publicly traded company focused on holding Bitcoin as a primary treasury asset and offering Bitcoin-related financial services.
The combined entity, named ProCap Financial Inc., will be listed on the Nasdaq under the ticker CCCM upon the merger, expected by 2025 end yet the SEC approval is still pending.
Columbus Circle Capital Corp, as a SPAC, is a publicly traded shell company designed to merge with a private company to take it public without a traditional IPO.
The merger reflects growing demand for Bitcoin among institutional investors; however, companies like MicroStrategy, Metaplane, K33, Tesla, Hut8, and Coinbase are some of the major BTC holders.
A quick overview of Bitcoin prices
As of writing, Bitcoin was trading at $106,485 with a slight increase of 0.66% in the past 24 hours, and its market capitalization is $2.11 trillion, which is up by 0.67%.
In the intraday frame, BTC tumbled between $104,740 and $106,826, and in a month, it traded highest at $110,744 and lowest at $98,286.
Over the past few weeks, dozens of corporate, public, and private companies have boosted their Bitcoin holdings, most recently seeing Bitcoin near the $98k mark.
The reversal in the trading prices of Bitcoin was noted after Donald Trump announced a ceasefire deal between Israel and Iran. There are claims that in the next 5 days it could once again move towards $110k.
