Anthony Pompliano’s Bitcoin-focused agency, ProCap BTC, has filed an 8-Okay with the U.S. Securities and Change Fee to go public by way of a merger with Columbus Circle Capital Corp I, a blank-check firm.
A June 25 announcement, shared by Pompliano on X, outlines a enterprise merger that may type ProCap Monetary, Inc., a Nasdaq-listed entity. The transfer comes after a collection of high-profile occasions for the corporate, demonstrating its intention to develop institutional infrastructure round Bitcoin (BTC).
Only a day earlier than the submitting, ProCap disclosed the acquisition of three,724 BTC, value roughly $387 million, at a mean value of $103,785 per coin. As well as, the corporate lately raised greater than $750 million, which included $225 million in convertible debt and $550 million in fairness. The funds will assist its long-term technique of treating Bitcoin as a major treasury asset, in keeping with investor supplies.
ProCap goals to distinguish itself from conventional monetary corporations by producing yield on Bitcoin holdings whereas providing merchandise for institutional buyers. If the merger is accomplished, ProCap would change into one of many prime 15 publicly traded company Bitcoin holders globally, in keeping with knowledge from Bitcointreasuries.com.
The special-purpose acquisition firm merger route comes as extra crypto-native firms discover public listings amid rising regulatory readability within the U.S. ProCap’s deliberate itemizing joins a number of digital asset corporations looking for market legitimacy by way of public choices.
As a part of the method, Columbus Circle and ProCap will submit a registration assertion to the SEC, together with a joint prospectus and proxy supplies. Traders and stakeholders are inspired to evaluate these filings as soon as out there.
Pompliano, a long-time Bitcoin advocate, has positioned ProCap as a pure-play on BTC’s future as institutional demand grows. With important capital raised and a transparent deal with Bitcoin-native monetary companies, the agency is shaping as much as be one of the crucial carefully watched crypto listings of 2025.
