ProCap BTC Acquires $128 Million in Bitcoin Following $385 Million Purchase
ProCap BTC, led by Anthony Pompliano, has acquired 1,208 bitcoin for $128 million, paying an average of $105,977 per token. This follows a previous purchase of $385 million worth of bitcoin.
Key points:
- ProCap BTC now holds a total of 4,932 bitcoin, with prices recently around $108,000.
- The company plans to go public through a $1 billion merger with Columbus Circle Capital Corp., rebranding as ProCap Financial, Inc.
- ProCap views bitcoin as a core financial benchmark and aims to hold up to $1 billion in BTC by the public listing.
The firm emphasizes a strategy of steadily increasing its BTC holdings to provide immediate exposure for equity investors.