Anthony Pompliano Eyes $750M Bitcoin Buy Through SPAC Merger
According to the Financial Times, Pompliano is set to become CEO of ProCapBTC, a firm aiming to raise $750 million—with $500 million in equity and $250 million in convertible debt—to purchase Bitcoin. The company plans to go public through a merger with Columbus Circle Capital 1, a SPAC backed by New York-based investment firm Cohen & Company.
If completed, the deal would rank among the largest recent crypto-focused capital raises and signals renewed institutional appetite for digital assets. It would also position ProCapBTC alongside giants like MicroStrategy and Metaplanet as a major corporate holder of Bitcoin.
Columbus Circle Capital 1 raised $250 million in its May IPO, targeting sectors including fintech, AI, and digital assets. Pompliano himself is no stranger to SPACs—earlier this year, he raised $220 million for a separate blank-check company, although that vehicle is unrelated to this venture.
While the deal is still under negotiation, sources say an official announcement could arrive as early as next week. The timing coincides with rising speculation that a second Trump administration may drive friendlier crypto policy in the U.S., fueling increased market activity across the sector.
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