Pompliano-Linked ProCap Buys 3,724 BTC as It Prepares for $1 B SPAC Debut
Founder Anthony Pompliano framed Bitcoin as the new financial benchmark, stating, “If you can’t beat it, you have to buy it”.
The move aligns with a growing trend of public companies, like Strategy, Semler, and Metaplanet. Over US$88B is now held by firms globally.
Just a day after revealing plans to go public in a US$1B (AU$1.53B) SPAC merger, ProCap, the Bitcoin-focused treasury firm founded by Anthony Pompliano, deployed nearly half a billion dollars into BTC.
The company acquired 3.724 BTC on Tuesday, paying an average of US$103.785 (AU$158,825) per coin, bringing the total deal value to roughly US$395M (AU$608M). In a post on X, Pompliano framed Bitcoin as the benchmark. “We believe bitcoin is the new hurdle rate. If you can’t beat it, you have to buy it”, he said.
We have purchased 3,724 Bitcoin.
This purchase happened within one day after announcing a $1 BILLION merger and over $750 million fundraise.
The average price was ~ $103,785 per bitcoin.
We believe bitcoin is the new hurdle rate.
If you can’t beat it, you have to buy it.… pic.twitter.com/eX1iI9fVhm
— Anthony Pompliano (@APompliano) June 24, 2025
Related: Michael Saylor Predicts Bitcoin to Reach $21 Million in 21 Years
The move followed ProCap’s merger announcement with Columbus Circle Capital Corp, a SPAC deal that included a US$750M (AU$1.15B) capital injection.
Today I am announcing a $1 BILLION merger to create ProCap Financial, a bitcoin-native financial services.
The company will be a publicly traded entity on Nasdaq at the conclusion of the proposed business combination between my private company ProCap BTC, LLC and Columbus Circle…
— Anthony Pompliano (@APompliano) June 23, 2025
The newly formed entity, ProCap Financial, Inc., will carry Bitcoin directly on its balance sheet and plans to build a long-term BTC treasury position. The company said it will continue accumulating as it transitions into a public firm offering institutional-grade Bitcoin infrastructure and services.
ProCap Joins Growing Number of Corporate HODLers
ProCap’s aggressive entry joins a growing list of public companies adopting Bitcoin as a primary treasury asset. Strategy remains the largest, now holding more than 592.000 BTC valued at over US$62B (AU$95.3B).
According to bitcointreasuries.com, public firms now hold over US$88B (AU$135B) worth of BTC, a figure that’s risen 13 % in the past month. New entrants like Semler Scientific and Metaplanet have followed the Saylor model: buy Bitcoin, list it on the balance sheet, and let the market narrative do the rest.
Related: Europe Surges Ahead in Crypto Adoption as France Eyes Nation-State Bitcoin Reserve
The post Pompliano-Linked ProCap Buys 3,724 BTC as It Prepares for $1 B SPAC Debut appeared first on Crypto News Australia.
Filed under: Bitcoin - @ June 25, 2025 3:16 am