Anthony Pompliano, a prominent Bitcoin $BTC advocate and co-founder of Morgan Creek Digital, is reportedly preparing to launch a new BTC-focused investment firm dubbed ProCapBTC.

According to sources cited by The Financial Times, the vehicle aims to raise $750 million through a merger with Columbus Circle Capital 1, a SPAC backed by Cohen & Company.

The deal is expected to include $500 million in equity and $250 million in convertible debt, though final terms remain under wraps. An official announcement could arrive within days, according to insiders.

Columbus Circle Capital 1 went public in May with a $250 million IPO and was created specifically to target acquisitions in digital assets and emerging payment systems.

The launch of ProCapBTC follows Pompliano’s earlier success with ProCap Acquisition, a fintech-oriented SPAC that raised $250 million in April through a Nasdaq listing. While Pompliano hasn’t publicly confirmed the new initiative, it aligns with his ongoing mission to connect institutional capital with Bitcoin #BTC .

If completed, the deal would join a growing list of large-scale crypto investment plays, signaling renewed institutional interest in BTC exposure as the asset class continues to mature.