Following U.S. President Donald Trump's pro-crypto stance, digital assets influencer Anthony Pompliano is set to become CEO of ProCapBTC. The new investment vehicle aims to acquire large amounts of Bitcoin. This news comes as the crypto market experiences renewed enthusiasm. (Source: FT, Date: June 13, 2025)
ProCapBTC plans to raise $750 million through a merger with Columbus Circle Capital 1. The funding includes $500 million in equity and $250 million in convertible debt. A deal could be announced as early as next week, though negotiations are ongoing. (Source: FT, Date: June 13, 2025)
Bitcoin buying is a popular treasury strategy, with 126 public companies holding nearly 820,000 Bitcoin. If ProCapBTC spends its entire $750 million on Bitcoin, it would become a top holder. Last week, Circle (CRCL) rose 168% on its first day of trading. (Source: FT, Date: June 13, 2025)