TL;DR
- Anthony Pompliano, a well-known pro-Bitcoin investor, is in talks to lead ProCapBTC, a publicly traded company aiming to raise $750 million to buy Bitcoin.
- The plan involves a merger with Columbus Circle Capital 1, backed by Cohen & Company.
- This move highlights another concrete step by traditional financial players toward adopting BTC as a long-term store of value.
The crypto sector may be witnessing a significant development involving Anthony Pompliano, a high-profile entrepreneur and investor, who is reportedly close to leading a firm with the ambitious goal of raising $750 million solely to acquire Bitcoin. The initiative would be structured through a merger between ProCapBTC and the special purpose acquisition vehicle Columbus Circle Capital 1, which recently went public on the Nasdaq. According to sources quoted by the Financial Times, this strategy has already sparked major attention among Bitcoin advocates amid growing institutional demand and evolving regulatory clarity in key global markets.
Multimillion-Dollar Raise To Acquire BTC Through Institutional Channels
The financing plan would involve a combination of $500 million in equity and $250 million in convertible debt. This structure allows the firm to leverage institutional interest in Bitcoin without depending solely on retail investors. Columbus Circle Capital 1, which launched on the Nasdaq in May through a $250 million IPO, is supported by investment bank Cohen & Company, a firm that has steadily increased its involvement in the digital asset space over recent years.
Cohen & Company is no stranger to the crypto ecosystem. Through its division JVB Financial Group, it has provided advisory, audit, and tax services to exchanges, DeFi initiatives, and token issuers. This partnership suggests that Pompliano’s project is not a rushed decision, but a strategically designed financial operation intended to attract capital swiftly and efficiently, in line with the growing appetite for digital assets.
A New Chapter for Pompliano on Nasdaq
Pompliano had already signaled deeper involvement in traditional finance through his role as head of ProCap Acquisition, another SPAC focused on financial technology that debuted on Nasdaq in April. Shares of that vehicle (PCAPU) have experienced a noticeable uptrend in June, reflecting market optimism around his potential moves.
While Pompliano has not publicly confirmed the reported deal, his potential role as CEO of ProCapBTC reinforces his position as one of the most determined proponents of institutional Bitcoin adoption. If finalized, the plan would not only inject significant capital into the BTC ecosystem but also strengthen the real connection between Wall Street and decentralized finance.
