- Anthony Pompliano is in talks to lead a new Bitcoin investment company aiming to raise $750 million.
- The company, to be named ProCapBTC, would be formed through a merger with the blank check company Columbus Circle Capital 1.
- The funding plan includes $500 million in equity and $250 million in convertible debt.
- Cohen & Company, a major investment bank, is backing the deal through its affiliate Columbus Circle Capital 1.
- Pompliano also leads ProCap Acquisition, a fintech SPAC that raised $250 million in its recent initial public offering.
Cryptocurrency entrepreneur Anthony Pompliano is reportedly negotiating to become CEO of a new company, ProCapBTC, which would focus on buying Bitcoin. The firm aims to raise $750 million in new funds by merging with Columbus Circle Capital 1, a publicly traded special purpose acquisition company, according to a report from the Financial Times.
The plan proposes collecting $500 million in equity and $250 million in convertible debt as part of the merger. These efforts are intended to create a major vehicle for investors seeking exposure to Bitcoin through a public company. The final terms of the proposed deal are still under discussion and could be announced as soon as next week, according to sources cited in the Financial Times report.
Columbus Circle Capital 1 functions as a “blank check company,” which is set up to merge with or acquire another business. In May 2025, Columbus Circle raised $250 million in an initial public offering sponsored by Cohen & Company Capital Markets (CCM), a division of investment bank Cohen & Company. Cohen & Company has worked with audits, tax advice, and other services for crypto industry businesses, including decentralized finance and non-fungible token projects (details).
The news follows Pompliano’s recent role with ProCap Acquisition, a fintech-focused SPAC listed on Nasdaq in April. ProCap’s shares began trading after its upsized IPO closed on May 21, raising $250 million by selling 25 million shares at $10 each (announcement). ProCap’s stock saw prices jump from $10.60 to $11.40 during June, with Thursday’s close at $11.30 (source).
By publication time, Pompliano had not shared public comments regarding the reported merger. Cointelegraph reached out for a statement but had not received a response.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Mumbai Man Loses ₹32 Lakh In Crypto Scam After Matrimonial Match
- Sen. Lummis Unveils RISE Act, Sets New Transparency Rules for AI
- SEC Delays Decisions on Dogecoin, HBAR, Solana, Cardano ETF Filings
- Tencent Considers Acquisition of MapleStory Developer Nexon
- MicroStrategy Director Carl Rickertsen Sells All Shares for $10M
