A company in New York bought some Bitcoin (a type of digital money) on June 24, 2025. They paid about $103,785 for each Bitcoin. This was part of a plan where the company keeps buying Bitcoin regularly. Before that, on June 23, the company announced it was going to join with another company called Columbus Circle Capital to become one bigger company called Procap Financial. This will make Procap a public company, which means anyone can buy its shares. The announcement also says that the price they paid for Bitcoin might be a little different from the price they mentioned earlier in their plans. Procap was started by Anthony Pompliano, who is a well-known person in the world of cryptocurrencies. After they finish merging, the new company will create financial products for big organizations. The other company they are merging with is based in the Cayman Islands and is led by Gary Quin. They need approval from authorities to complete the deal. They used money they had raised to buy the Bitcoin, so people who invested early can also own some Bitcoin. The company plans to keep buying Bitcoin as a main goal, aiming to have up to $1 billion worth of Bitcoin after they merge.
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