based on materials from the portal - By Coindoo.com
The acquisition underscores ProCap's aggressive expansion strategy and commitment to maintaining Bitcoin as its primary treasury asset.
The $387 million Bitcoin purchase marks an immediate deployment of funds.
ProCap acquired Bitcoin at a time-weighted average price of $103,785 per BTC, bringing the firm's total assets to 3,724 coins. The purchase, valued at approximately $387 million, was made as part of the company's broader strategy of accumulating Bitcoin.
The purchase follows the June 23, 2025, announcement of a proposed $1 billion business combination with Columbus Circle Capital Corp. I (NASDAQ: CCCM), which will take ProCap public under the new name ProCap Financial, Inc.
A Bitcoin-backed strategy at the heart of ProCap's public debut.
According to the company, the bitcoin acquisition was funded directly from the proceeds generated during the merger agreement signing. Investors in the fundraising immediately gained access to Bitcoin, as the firm wasted no time converting capital into BTC.
ProCap BTC emphasized that this is part of a long-term business model focused on strategic Bitcoin accumulation. Upon completion of the merger, the newly public ProCap Financial is expected to hold up to $1 billion worth of Bitcoin on its balance sheet.
Institutional adoption of Bitcoin is accelerating.
Pompiliano's action highlights the ongoing trend of institutional Bitcoin adoption and treasury allocation. The timeliness—combined with significant capital raising and a public listing—strengthens the company's position at the expanding intersection of traditional finance and Bitcoin-based financial services.
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