US EditionAnthony Pompliano’s ProCap to Go Public in $1B Bitcoin Treasury SPAC Deal
- Anthony Pompliano’s bitcoin-focused financial company ProCap BTC has entered into a business combination agreement with the special-purpose acquisition company Columbus Circle Capital Corp. I to create ProCap Financial, Inc.
- The merger is intended to meet the growing interest from experienced investors in financial offerings centered on bitcoin, and will add up to $1 billion worth of bitcoin to the new company’s assets.
- ProCap Financial aims to function as a comprehensive bitcoin-native platform providing services such as lending and trading, supported by a historic fundraising effort that includes $516.5 million raised through equity and an additional $235 million obtained via convertible notes, marking the most substantial initial capital raise for a publicly traded bitcoin treasury to date.
- Pompliano stated that bitcoin is transforming the traditional financial industry, while CCCM’s CEO Gary Quin emphasized ProCap’s pioneering role in driving significant change within this sector.
- The deal is anticipated to finalize before 2026, subject to approval from the SEC and shareholders, establishing ProCap Financial as a leading bitcoin treasury and service provider publicly traded on Nasdaq.
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Anthony Pompliano strikes deal to create publicly-traded Bitcoin treasury company
Crypto investor and financial influencer Anthony Pompliano’s Bitcoin-native financial service company has made plans to go public via a special-purpose acquisition company (SPAC). ProCap BTC will merge with Columbus Circle Capital Corp. I, a SPAC affiliated with financial services firm Cohen & Company Inc, according to a statement from Columbus Circle on Monday. As part of the agreement, the new company formed through the merger—ProCap Financia…
·New York, United States
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