The post Pompliano’s ProCap Buys 4932 BTC at $103K, Preps $1B War Chest for IPO appeared on BitcoinEthereumNews.com.

Anthony Pompliano’s ProCap BTC, acquired an additional 1,208 BTC today, following a June 23 purchase of 3,724 BTC, reflecting the firm’s aggressive Bitcoin accumulation strategy. ProCap plans to merge with Columbus Circle Capital Corp. I (CCCM), a SPAC listed on NASDAQ, to form ProCap Financial, Inc. A Bitcoin-native financial company, ProCap BTC, LLC of Anthony Pompliano, continues to make big BTC acquisition steps as it recently purchased 1,208 BTC at a price of $105,977 per coin. It has pushed the firm’s Bitcoin holdings over 4,900 BTC worth $528.71 million at press time. Anthony Pompliano’s Firm Continues Buying Bitcoin This comes on the heels of the June 23 announcement regarding a 3,724 BTC purchase. Moreover, the firm is planning a $1 billion merger with Columbus Circle Capital Corp. I (NASDAQ: CCCM), which will take ProCap public under the new name, ProCap Financial, Inc. It’s the second time the company bought Bitcoin and the total holdings are now 4,932 BTC. The acquisition occurred soon following the equity raise connected with the business combination, reflecting the swift mobilization of the financial capital by the firm in capturing the digital assets. “This was the plan right from time,” the company stated. It added, “Use the raised funds to buy Bitcoin quickly and give equity investors immediate exposure to the digital asset.” Further, Pompliano’s firm underscored that all the Bitcoin that has been acquired currently is in custody and it will be on the balance sheet till the merger is done. With its billion-dollar Bitcoin purchases, the firm has entered the league of Metaplanet and others in BTC holdings.  The business strategy of ProCap BTC is to construct a public company that has direct exposure to Bitcoin and stands out among traditional investment platforms. To reinforce long-term commitment for BTC, the company said, “If you…

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Filed under: News - @ June 26, 2025 12:24 am