$750M Bitcoin Bomb Dropping: Anthony Pompliano at the Helm
The post $750M Bitcoin Bomb Dropping: Anthony Pompliano at the Helm appeared on BitcoinEthereumNews.com.
Key Notes ProCapBTC aims to raise $750M via equity and convertible debt. The deal involves a merger with SPAC Columbus Circle Capital 1, backed by Cohen & Company. Pompliano continues to push Bitcoin as a sovereign reserve asset. American crypto entrepreneur and investor, Anthony Pompliano, is reportedly preparing to launch a new Bitcoin BTC $104 746 24h volatility: 2.3% Market cap: $2.08 T Vol. 24h: $52.05 B investment vehicle with a fundraising target of $750 million. According to Financial Times, Pompliano is in talks to lead ProCapBTC, a Bitcoin-focused Special Purpose Acquisition Company (SPAC), as its CEO. The proposed initiative would see ProCapBTC merge with Columbus Circle Capital 1, a publicly listed blank-check company. Under the plan, ProCapBTC would raise $500 million in equity and an additional $250 million through convertible debt. Sources say the deal could be formally announced as soon as next week, although final terms are still being negotiated. Columbus Circle Capital 1 was established with the purpose of identifying and merging with innovative, high-growth companies. It completed a $250 million IPO in May and is backed by Cohen & Company, a New York Stock Exchange-listed investment bank. Cohen & Company, through its broker-dealer arm JVB Financial Group, has built a growing footprint in digital asset finance. The firm has provided advisory, tax, and audit services to players in the cryptocurrency industry, including decentralized finance protocols, NFT marketplaces, and token issuers. If confirmed, this new Bitcoin vehicle would expand Cohen & Company’s crypto involvement, signaling strong institutional interest in Bitcoin. Pompliano Doubles Down on Bitcoin Strategy The development comes on the heels of Pompliano’s previous venture, ProCap Acquisition, another SPAC that listed on Nasdaq in May with a fintech focus. His leadership at ProCapBTC reinforces his continued commitment to accelerating Bitcoin adoption through structured investment platforms. Pompliano has long…
Filed under: News - @ June 13, 2025 2:25 pm