Anthony Pompliano’s crypto-focused firm, ProCap BTC, LLC, has purchased 3,724 Bitcoin tokens just one day after announcing a $1 billion merger and a capital raise exceeding $750 million.
The acquisition underscores ProCap’s aggressive expansion strategy and commitment to holding Bitcoin as a core treasury asset.
$387 Million Bitcoin Buy Marks Immediate Deployment of Funds
ProCap acquired the Bitcoin at a time-weighted average price of $103,785 per BTC, bringing the firm’s total holdings to 3,724 coins. The purchase, valued at approximately $387 million, was made as part of the company’s broader Bitcoin accumulation strategy.
The buy followed the June 23, 2025, announcement of a proposed $1 billion business combination with Columbus Circle Capital Corp. I (NASDAQ: CCCM), which will take ProCap public under the new name ProCap Financial, Inc.
Bitcoin-Backed Strategy at the Core of ProCap’s Public Debut
According to the company, the Bitcoin acquisition was funded directly from proceeds raised during the signing of the merger agreement. Investors in the raise received immediate Bitcoin exposure, as the firm wasted no time in converting capital into BTC.
ProCap BTC emphasized that this is part of a long-term business model centered around strategic Bitcoin accumulation. Upon completion of the merger, the newly public ProCap Financial is expected to hold up to $1 billion worth of Bitcoin on its balance sheet.
Institutional Bitcoin Adoption Accelerates
Pompliano’s move highlights the continued trend of institutional Bitcoin adoption and treasury allocation. The timing—paired with a major equity raise and public listing—reinforces the firm’s position in the expanding intersection of traditional finance and Bitcoin-native financial services.
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/anthony-pomplianos-procap-acquires-3724-btc-after-1b-merger-and-750m-raise/