$BTC ProCap BTC will merge with Columbus Circle Capital Corp, becoming a new company named ProCap Financial, Inc.

Anthony Pompliano will serve as CEO.

The new company is expected to hold up to 1 billion USD in bitcoin.

They have raised $750 million, with $516.5 million in equity and $235 million in convertible bonds.

The convertible bonds have a conversion rate of 130%, no interest rate, and will mature within a maximum of 36 months.

The issuance of shares to investors will depend on the value of bitcoin at the time close to completion, with certain preferential terms for early investors.

The goal is to become a leading financial services company integrating bitcoin into the traditional financial model while generating profits from the owned bitcoin. $BTC $BTC