Anthony Pompliano, one of the most prominent voices in the cryptocurrency space, is poised to lead a new Bitcoin-focused investment firm, ProCapBTC, which aims to raise $750 million amid renewed institutional interest and a more favourable U.S. regulatory climate.
According to the Financial Times, Pompliano is expected to serve as CEO of ProCapBTC, a venture designed to accumulate significant amounts of Bitcoin. The firm will be capitalized through a merger with a special purpose acquisition company (SPAC), offering a streamlined path to public markets.
Crypto influencer Anthony Pompliano set to launch bitcoin-buying vehicle https://t.co/jMZ0PVx9qZ
— Financial Times (@FT) June 12, 2025
The SPAC in question—Columbus Circle Capital 1—recently completed a $250 million IPO in late May, with support from New York-based investment bank Cohen & Company. This transaction provides a timely launchpad for ProCapBTC as capital begins to flow back into crypto-aligned ventures following growing institutional confidence.
To reach its $750 million fundraising goal, ProCapBTC plans to raise $500 million in equity and an additional $250 million through convertible debt. This hybrid approach mirrors strategies employed by other Bitcoin-heavy firms, such as Michael Saylor’s MicroStrategy and Japan’s Metaplanet, which have captured investor attention through aggressive Bitcoin accumulation.
Recent activity by these firms underscores the market’s bullish sentiment. Metaplanet, for instance, acquired an additional 1,088 BTC in early June, bringing its total holdings to nearly 9,000 BTC at an average cost of $108,209 per Bitcoin. Similarly, MicroStrategy has maintained its lead as the largest corporate Bitcoin holder, having purchased 1,070 more BTC for $101 million at an average price of $94,004. As of January 5, the company holds 447,470 BTC valued at $27.97 billion, with a 2024 full-year yield of 74.3%.
While the final terms of ProCapBTC’s deal are still under negotiation, sources suggest an official announcement could come as early as next week. Notably, Pompliano brings substantial experience in SPAC activity. Earlier this year, he successfully raised $220 million for a separate blank-check company unrelated to the ProCapBTC initiative.
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