ANTHONY POMPLIANO’S PROCAP TO GO PUBLIC WITH $1B IN BITCOIN ON BALANCE SHEET

- Anthony Pompliano’s crypto firm, ProCap, is set to go public in the US with $1 billion in Bitcoin on its balance sheet, per CoinTelegraph.

Key Details:

- The move follows a $750 million raise through a merger with Columbus Circle Capital, a blank-check SPAC company.

- The deal is expected to close before year-end, marking a major step for Pompliano’s vision.

- With backing from FalconX, Blockchain(.)com, and Semler Scientific's chair Eric Semler, the company raised $516.5 million in equity and $235 million in convertible notes .

- ProCap Financial will focus on growing its Bitcoin holdings and developing products to generate revenue from those assets over time.

- Firms like Strike founder Jack Mallers’ Twenty One Capital and IoT chipmaker Sequans Communications are also raising capital to build Bitcoin treasuries.

- Nakamoto Holdings raised $51.5 million to boost its Bitcoin stash, while Metaplanet added over 1,100 BTC, closing in on Tesla’s holdings.

- BitcoinTreasuries(.)NET reports about 240 companies now hold BTC, nearly doubling in weeks, collectively controlling around 4% of the total Bitcoin supply.