25.06.2025 17:20

ProCap BTC, founded by prominent Bitcoin advocate Anthony Pompliano, has significantly increased its Bitcoin holdings. The company recently acquired an additional 1,208 Bitcoin at a time-weighted average price (TWAP) of approximately $105,977 per coin, bringing its total Bitcoin holdings to 4,932. This follows a substantial earlier purchase of 3,724 Bitcoin on Tuesday, totaling $386 million.

This aggressive Bitcoin accumulation strategy directly supports ProCap BTC's upcoming initial public offering (IPO). The company is merging with Columbus Circle Capital Corp. I, a special purpose acquisition company (SPAC), to become ProCap Financial, Inc. later this year. This merger facilitates ProCap's ambition to hold up to $1 billion worth of Bitcoin, positioning the company to provide innovative financial services tailored to large institutional investors.

The recent Bitcoin purchases were funded by proceeds from a successful investor equity raise, offering investors immediate exposure to Bitcoin. While the TWAP for the second purchase may differ slightly from the price agreed upon in the June 23, 2025, business combination agreement with Columbus Circle Capital Corp. I (CCCM), the completed merger will see ProCap Financial, Inc. holding a substantial Bitcoin reserve.

Pompliano, a prolific investor in over 300 private companies and a renowned voice in the Bitcoin community, sees Bitcoin as a benchmark asset. His philosophy, as expressed in a recent tweet, is simple: if an asset's performance can't be surpassed, it's strategically advantageous to acquire it. This acquisition strategy underscores ProCap's belief in Bitcoin's long-term growth and its potential to transform the financial landscape.