Anthony Pompliano Aims to Launch $750 Million Bitcoin Investment Vehicle
Anthony Pompliano is launching a Bitcoin investment vehicle targeting $750 million. He aims to lead ProCapBTC, a Bitcoin-focused SPAC, merging with Columbus Circle Capital 1.
- ProCapBTC plans to raise $500 million in equity and $250 million through convertible debt.
- The deal may be announced next week, pending final negotiations.
- Columbus Circle Capital 1 completed a $250 million IPO in May and focuses on high-growth companies.
- Cohen & Company, backing the SPAC, has advised cryptocurrency industry players, indicating strong institutional interest in Bitcoin.
Pompliano's Continued Focus on Bitcoin
This venture follows Pompliano's previous SPAC focusing on fintech. He advocates for Bitcoin as a strategic reserve asset and emphasizes the need for swift action by the U.S. in global Bitcoin accumulation.
Despite recent volatility, with Bitcoin dropping 2.5% to $104,937, BTC ETFs have attracted $970 million in inflows over three days, reflecting robust investor interest.