$BTC Anthony Pompliano is set to become CEO of ProCapBTC, which plans to raise $750 million to acquire bitcoin, according to the Financial Times.

ProCapBTC's proposed deal includes $500 million in equity and $250 million in convertible debt in a merger with a SPAC backed by Cohen & Company.

The move comes amid renewed enthusiasm in crypto markets following U.S. President Donald Trump's pro-crypto stance and regulatory easing.#Write2Earn