Anthony Pompliano Unveils ProCap Financial With $1B Bitcoin Treasury After $750M Fundraise

Professional Capital Management CEO Anthony Pompliano has announced a $1 billion merger to launch ProCap Financial, a new Bitcoin-focused financial services firm.

The company, formed through a business combination with Columbus Circle Capital Corp. I (NASDAQ:CCCM), plans to hold up to $1 billion worth of Bitcoin (CRYPTO: BTC) on its balance sheet.

The deal represents the largest initial fundraising in history for a publicly traded Bitcoin treasury company: $516.5 million in equity and $235 million in convertible notes.

Pompliano’s venture secured backing from a mix of institutional and crypto-native investors …

Full story available on Benzinga.com