Cryptocurrency entrepreneur Anthony Pompliano is reportedly discussing the launch of a new Bitcoin-buying vehicle aiming to raise $750 million. Pompliano is set to become CEO of ProCapBTC, a Special Purpose Acquisition Company (SPAC) planning to merge with the publicly traded blank cheque vehicle Columbus Circle Capital 1. Under Pompliano's potential leadership, ProCapBTC plans to raise $500 million in equity and $250 million in convertible debt through the merger with Columbus Circle Capital 1, supported by Cohen & Company investment bank. The deal could be announced soon, although terms are not finalized. Columbus Circle Capital 1, formed for mergers and acquisitions, previously raised $250 million in an IPO. Pompliano, known for leading ProCap Acquisition, a fintech-focused SPAC, has seen success with PCAPU shares surging in June. Despite reports, Pompliano has not confirmed the SPAC merger publicly. Read more AI-generated news on: https://app.chaingpt.org/news
Cryptocurrency Entrepreneur Anthony Pompliano in Talks to Launch New Bitcoin-Buying Vehicle
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