The Bitcoin-native financial services company ProCap BTC, LLC has purchased 1,208 bitcoins at a time-weighted average price of $105,977 each, bringing its total holdings to 4,932 bitcoins. This purchase follows the company's announcement on June 23 of a $1 billion business merger agreement with Columbus Circle Capital Corp. I (NASDAQ: CCCM), which will be listed as ProCap Financial, Inc. after the merger is completed. The company stated that it will continue to execute its Bitcoin purchasing plan, expecting the value of Bitcoin on its balance sheet to reach $1 billion after the business merger is completed. $BTC
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