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Anthony Pompliano’s ProCap Buys $386M in Bitcoin Ahead of IPO
The purchase was made at a time-weighted average price of $103,785 per Bitcoin.
Bitcoin advocate and entrepreneur Anthony Pompliano has made a bold entrance into corporate crypto holdings.
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.
The purchase was made at a time-weighted average price of $103,785 per Bitcoin.