ProCap BTC, LLC, a bitcoin-native financial services firm, announced it has acquired 3,724 bitcoin at a time weighted average price of $103,785 per bitcoin, worth approximately $386 million.

“The Company plans to continue buying bitcoin for its balance sheet as part of its ongoing business strategy,” stated the press release. “At the closing of the proposed business combination, ProCap Financial is expected to hold up to $1 billion in bitcoin on its balance sheet.”

Anthony Pompliano’s ProCap BTC announced just yesterday a definitive agreement to merge with Columbus Circle Capital Corp. I (NASDAQ: CCCM) to form ProCap Financial, Inc.

“The legacy financial…

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