Anthony Pompliano has announced a $1 billion merger to form ProCap Financial, raising $750 million for its Bitcoin treasury.
Anthony Pompliano has announced a new $1 billion merger to form ProCap Financial, which will provide local Bitcoin financial services. The company also raised an initial $750 million to build Bitcoin Treasury, the largest initial fundraising for a public company.
ProCap Financial Record Raises Largest Initial Funding for Bitcoin Treasury.
In an X post, Anthony Pompliano announced that as part of a $1 billion merger to form ProCap Financial, he has raised more than $750 million, the largest initial funding round for a publicly traded bitcoin treasury company.
Pompliano also provided details of the $1 billion merger to form the company, which will provide $BTC services.
ProCap will become a publicly traded entity on Nasdaq after completing the proposed business combination of Pompliano’s private company, ProCap $BTC LLC, and Columbus Circle Capital Corp.
ProCap Financial will trade under the ticker symbol ‘CCCM’. Pompliano said he was fortunate to have raised the capital from some of Wall Street's leading institutional investors, though he did not name any specifics.
The company will focus on acquiring Bitcoin for its balance sheet, while also developing products and services to generate revenue and profit from the $BTC on its balance sheet over time.
Following the announcement, Strategy co-founder Michael Siler congratulated Pompliano on the milestone. Interestingly, Saylor’s company has just announced another Bitcoin purchase, bringing its total holdings to 592,345 BTC.
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