Old Bao, are you playing?
TechFlow News, on June 24th, ProCap BTC, a Bitcoin-native financial services company founded by Anthony Pompliano, rapidly acquired 3,724 Bitcoins at a time-weighted average price of $103,785 each, just one day after announcing a $1 billion merger agreement with Columbus Circle Capital Corp. I (NASDAQ: CCCM). The company stated that this is part of its ongoing Bitcoin purchase program aimed at providing investors with immediate Bitcoin exposure. According to a previous announcement, ProCap Financial, established after the merger is completed, is expected to hold up to $1 billion in Bitcoin on its balance sheet. Pompliano believes that "Bitcoin is the new benchmark for returns; if you can't beat it, you have to buy it."
