- ProCap BTC (CCCMU, Financial) acquires 3,724 bitcoins at a TWAP of $103,785 per bitcoin, totaling approximately $386 million.
- The acquisition follows a $1 billion business combination announcement with Columbus Circle Capital Corp. I (CCCM).
- ProCap BTC aims to hold up to $1 billion in bitcoin post-merger, positioning as a bitcoin-native financial services firm.
In a significant move within the cryptocurrency sector, ProCap BTC, LLC (NASDAQ: CCCMU), a bitcoin-native financial services firm led by Anthony Pompliano, has announced the acquisition of 3,724 bitcoins. The purchase was executed at a time-weighted average price (TWAP) of $103,785 per bitcoin, amounting to an approximate total of $386 million. This strategic acquisition aligns with the company's ongoing bitcoin accumulation strategy.
This substantial bitcoin purchase comes on the heels of a major announcement on June 23, 2025, regarding a $1 billion business combination with Columbus Circle Capital Corp. I (NASDAQ: CCCM), a move that will transition ProCap BTC into the publicly traded entity, ProCap Financial, Inc. This strategic merger is complemented by a successful fundraise exceeding $750 million, underscoring strong investor interest and confidence in the company's future endeavors.
ProCap Financial is poised to hold up to $1 billion in bitcoin on its balance sheet upon completion of the merger. This bold move is part of the company's commitment to establishing itself as a leading player in the institutional bitcoin services sector. The firm plans to develop profit-generating products and services tailored to the needs of large financial institutions and institutional investors, further amplifying its unique positioning in the financial market.
Anthony Pompliano, a renowned investor with deep expertise in bitcoin investments, steers ProCap BTC, and his leadership is bolstered by the traditional finance acumen of Columbus Circle Capital's CEO, Gary Quin, who brings over 25 years of experience in investment banking and M&A. This alliance marks a pivotal step in the institutionalization of bitcoin within financial services, setting the stage for potential innovations in corporate treasury management.
