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American entrepreneur Anthony Pompliano announced today that ProCap BTC LLC has acquired 1,208 bitcoin at an average price of $105,977 per bitcoin. This major purchase follows the firm’s plan to go public through a $1 billion business combination with Columbus Circle Capital Corp. I (NASDAQ: CCCM). The company now holds 4,932 bitcoin on its balance sheet, boosting its position as a bitcoin-native financial services firm.
ProCap BTC acted swiftly by deploying funds raised at signing to secure more bitcoin. This move gives equity investors immediate exposure to bitcoin through the recent equity raise. The purchase reflects the company’s firm belief in the long-term value of bitcoin and its strategy to grow its crypto holdings.
The company plans to continue buying bitcoin as part of its growth strategy. At the close of the business combination, ProCap Financial is expected to hold up to $1 billion worth of bitcoin. The firm remains committed to supporting bitcoin as a core asset.
