Anthony Pompliano announces a merger of 1 billion USD to create ProCap Financial, a Bitcoin-integrated financial company, listed on Nasdaq through a merger with Columbus Circle Capital (CCCM). ProCap raised 750 million USD from institutional investors, including 516 million USD in equity and 235 million USD in convertible bonds, to hold 1 billion USD in Bitcoin.

Not only holding Bitcoin, ProCap will implement risk reduction solutions to generate revenue from Bitcoin, unlike companies like Strategy (592,345 BTC) or GameStop. The trend of corporate Bitcoin hoarding is hot, but Coinbase warns of systemic risks if Bitcoin prices drop sharply.

Risk warning: The information in the article is for reference only and is not investment advice. #ProCap