According to Deep Tide TechFlow, on June 13, the UK (Financial Times) reported that cryptocurrency investor Anthony Pompliano is in talks to become the CEO of ProCapBTC. The company plans to raise $750 million to purchase Bitcoin through a merger with the special purpose acquisition company (SPAC) Columbus Circle Capital 1, which includes $500 million in equity financing and $250 million in convertible debt. Columbus Circle Capital 1 completed a $250 million initial public offering on NASDAQ last month.
ProCapBTC plans to raise $750 million for Bitcoin purchases through SPAC merger
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