According to Foresight News, American investor Anthony Pompliano announced that his founded Bitcoin financial services company ProCap BTC will merge with Nasdaq-listed SPAC company Columbus Circle Capital Corp. I to form ProCap Financial, which plans to go public. After the merger, the new company will hold up to $1 billion in Bitcoin assets.
This transaction raised a total of $751 million in funding, including $516.5 million in equity financing and $235 million in convertible bonds, making it the largest initial financing in the history of publicly traded Bitcoin financial companies. Participating institutions include Magnetar Capital, Woodline Partners LP, Anson Funds, and others.
ProCap Financial aims to achieve returns and profits through diversified strategies using Bitcoin assets, with Pompliano serving as CEO, dedicated to creating a leading platform that connects Bitcoin and traditional finance.