ProCap BTC Buys 3,724 Bitcoins Worth $386.5 Million

ProCap BTC, a company led by American investor and entrepreneur Anthony Pompliano, has made a significant move in the cryptocurrency market. The company announced the purchase of 3,724 Bitcoins in a single day, with the total value of the acquisition amounting to approximately $386.5 million. The average purchase price for each Bitcoin was $103,785.

This substantial acquisition is part of ProCap BTC's ongoing Bitcoin purchase program, which aims to provide immediate Bitcoin exposure to equity investors. The funds raised from the merger were swiftly converted into Bitcoin, aligning with the company's strategy to hold a significant amount of BTC on its balance sheet.

The purchase follows the $1 billion merger with Columbus Circle Capital, which was announced on June 23, 2025. This merger raised over $750 million in capital and is set to make ProCap BTC a publicly traded company under the name ProCap Financial. Once the merger is finalized, ProCap Financial is expected to hold up to $1 billion worth of Bitcoin on its balance sheet, further solidifying its position in the cryptocurrency market.

ProCap BTC's aggressive Bitcoin acquisition strategy underscores the growing interest and confidence in Bitcoin as a valuable asset. The company's decision to convert a significant portion of its raised capital into Bitcoin highlights the potential for institutional investors to drive the demand for cryptocurrencies. This move could influence other investors to consider Bitcoin as a viable investment option, potentially leading to increased adoption and market growth.