Anthony Pompliano Plans $750 Million Bitcoin Fund

Cryptocurrency entrepreneur Anthony Pompliano is reportedly in discussions to launch a new Bitcoin-buying vehicle, ProCapBTC, which aims to raise $750 million. This initiative involves raising $500 million in equity and $250 million in convertible debt through a merger with Columbus Circle Capital 1, a publicly traded blank cheque vehicle backed by the investment bank Cohen & Company.

Under Pompliano’s leadership, ProCapBTC is set to acquire Bitcoin and hold it as a long-term investment. This strategy underscores Pompliano's belief in Bitcoin's potential as a store of value and a hedge against inflation. The deal, which could be announced as soon as next week, is still under discussion and its terms are not yet finalized.

Columbus Circle Capital 1 is a blank check company formed to effect a merger, share exchange, asset acquisition, reorganization, or similar business combination with one or more businesses. In May 2025, Columbus Circle raised $250 million in an initial public offering sponsored by Cohen & Company Capital Markets, a division of Cohen & Company’s broker-dealer subsidiary.

Cohen & Company, a publicly traded investment bank, has been active in the crypto and digital asset industry, providing audits, tax, and advisory services related to crypto assets, initial coin offerings, decentralized finance, non-fungible tokens, and digital asset exchanges. This involvement highlights the growing institutional interest in Bitcoin and the increasing acceptance of cryptocurrencies as a legitimate asset class.

This news follows Pompliano’s leadership of ProCap Acquisition, a fintech-focused SPAC that debuted on the Nasdaq in April. ProCap’s shares started trading soon after its upsized IPO closed on May 21, raising $250 million in gross proceeds through the sale of 25 million units at $10 per unit. Pompliano did not confirm the reported SPAC merger on social media by publishing time.

Pompliano's leadership in this venture is expected to attract more investors and further legitimize Bitcoin in the financial world. The success of ProCapBTC could pave the way for more similar investment vehicles, potentially driving further adoption and integration of Bitcoin into mainstream finance. This development is significant as it highlights the growing institutional interest in Bitcoin and the increasing acceptance of cryptocurrencies as a legitimate asset class.