#BitcoinDunyamiz advocate and entrepreneur Anthony Pompliano has made a bold entrance into corporate crypto holdings.#BinanceAlphaAlert

Key Takeaways:

  • ProCap $BTC purchased 3,724 BTC for $386 million ahead of its planned IPO via SPAC merger.

  • The firm’s Bitcoin holdings are now worth nearly $400 million as BTC prices rise.

  • ProCap aims to accumulate up to $1 billion in BTC, joining a wave of corporate treasury buyers.

His firm, ProCap BTC, announced Tuesday that it had acquired 3,724 BTC for $386 million, just days after revealing plans to go public later this year.#SaylorBTCPurchase

The purchase was made at a time-weighted average price of $103,785 per Bitcoin.

Bitcoin Gains Lift Pompliano’s Investment to Nearly $400M

With Bitcoin prices climbing since the buy, Pompliano’s investment now sits just below $400 million in value.#SwingTradingStrategy

The acquisition follows Monday’s announcement that ProCap intends to go public through a merger with Columbus Circle Capital, a special purpose acquisition company (SPAC), forming a new entity named ProCap Financial.