ProCap BTC Acquires 1,208 Bitcoin at $105,977 Each Ahead of Public Listing

ProCap BTC LLC, founded by Anthony Pompliano, has announced the acquisition of an additional 1,208 Bitcoin at an average price of approximately $105,977 per Bitcoin. This purchase brings the company's total holdings to 4,932 Bitcoin. The company's strategy aligns with its recent merger announcement with Columbus Circle Capital Corp. I, which aims to go public later this year as ProCap Financial, Inc. The merger is expected to result in ProCap Financial, Inc. holding up to $1 billion worth of Bitcoin, enhancing its ability to offer financial services tailored for large institutions and investors.

Columbus Circle Capital Corp. I, a special purpose acquisition company, will facilitate ProCap BTC's transition into a public entity. The company has been accumulating Bitcoin using investor signing funds, providing immediate Bitcoin exposure from the equity raise. The time-weighted average price (TWAP) for the second purchase may differ from the signing Bitcoin price due to the Business Combination Agreement signed by CCCM and ProCap on June 23, 2025. At the close of the proposed business partnership, ProCap Financial Inc. is expected to hold up to $1 billion in Bitcoin.

Pompliano, a prominent voice in the global Bitcoin community, believes that Bitcoin is the new hurdle rate and that if one cannot beat it, they should buy it. He has invested in over 300 private companies and is known for his advocacy of Bitcoin. ProCap BTC's strategy of accumulating Bitcoin for corporate treasuries is part of a broader trend among companies seeking to leverage the cryptocurrency's potential. ProCap is now one of the largest public companies holding Bitcoin, surpassing Gamestop, which holds 4,710 BTC. If ProCap were to go public today, it would rank as the 13th largest among public companies holding Bitcoin, just behind Next Technology Holding Inc.

ProCap Financial Inc., the newly formed company from the merger, plans to be listed on Nasdaq after finalizing regulatory approvals from the Securities and Exchange Commission. The company aims to develop a platform that will acquire Bitcoin for their balance sheets and implement risk-managed solutions to create sustainable revenue and profits from the Bitcoin holdings. Pompliano acknowledges that Bitcoin is disrupting legacy financial systems and that the objective is to create a platform that will acquire Bitcoin for their balance sheets and implement risk-managed solutions to create sustainable revenue and profits from the Bitcoin holdings.

Several other firms have also announced plans to purchase Bitcoin Treasuries, including real estate mogul Grant Cardone’s company, which announced a 1,000 BTC bid for its corporate treasury. Mineral exploration company Panther Metals also announced a Bitcoin Treasury strategy that will combine traditional mining assets with crypto and purchase of Bitcoin worth $5.4 million. This trend highlights the growing interest in Bitcoin as a corporate asset, driven by cheap capital yield promises and brand-name endorsements. However, some analysts warn that this rush to accumulate Bitcoin may resemble a bubble.