ProCapBTC Eyes $750M Bitcoin Bet With Pompliano at the Helm
ProCapBTC, a proposed bitcoin investment firm backed by prominent crypto investor Anthony Pompliano, is in talks to raise $750 million as it prepares for a public debut through a SPAC deal, the Financial Times reports.
The vehicle would mirror MicroStrategy’s BTC-first strategy, aiming to allocate the majority of funds toward bitcoin accumulation. The deal includes $500 million in equity and $250 million in convertible debt, structured via a merger with Columbus Circle Capital 1, a SPAC sponsored by Cohen & Company.
If successful, ProCapBTC could emerge as one of the largest non-fintech corporate holders of BTC. Industry watchers say it’s a notable signal of growing institutional conviction, especially as market conditions become more favorable and regulatory sentiment softens under the Trump administration.
With Circle’s IPO and a resurgence in corporate crypto treasuries, Pompliano’s timing may prove shrewd — assuming the funding is secured and bitcoin prices remain elevated.
No official comments have been issued by the parties involved.
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