Yigit Taha OZTURK 
The corporate world is waking up to digital assets—and one of its most vocal advocates just made a bold move. Anthony Pompliano’s firm ProCap has entered the spotlight with a massive Bitcoin acquisition ahead of its planned public debut.
ProCap Buys 3,724 Bitcoin Worth $386 Million
ProCap, a Bitcoin financial services firm, announced on Tuesday it has purchased 3,724 Bitcoin for $386 million. The buy comes shortly after revealing a plan to go public later this year through a SPAC merger with Columbus Circle Capital.
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The company acquired the assets at a time-weighted average price of $103,785 per coin. Since the purchase, the value has already risen close to $400 million.
Pompliano explained the firm’s aggressive strategy with a simple phrase: “Bitcoin is the new hurdle rate. If you can’t beat it, you have to buy it.”
Going Public Via SPAC Deal
To go public, ProCap is merging with blank-check company Columbus Circle Capital. The firms have raised more than $750 million to support the deal—$516 million in equity and $235 million in convertible notes.
The merged entity will be named ProCap Financial and plans to use the capital to buy up to $1 billion worth of Bitcoin, joining a growing list of companies building crypto-focused treasuries.
Corporate Bitcoin Buying Trend Accelerates
If ProCap were public today, it would rank 14th among publicly traded companies by Bitcoin holdings, just behind Semler Scientific.
This week alone, firms like Strategy, Metaplanet, Grant Cardone’s company, Panther Metals, and Green Minerals have all added significant Bitcoin holdings. The message from corporate America is becoming clear: Bitcoin is now a core treasury asset.
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