Anthony Pompliano’s Procap BTC, LLC has acquired an additional 1,208 bitcoin, bringing its total holdings to 4,932 BTC following a major merger announcement earlier this week.
Pompliano’s Procap Boosts Bitcoin Holdings to Nearly 5K BTC
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Procap Adds 1,208 Bitcoin, Now Holds 4,932 Bitcoin
Procap BTC, LLC, the bitcoin-focused financial services firm founded by Anthony Pompliano, purchased 1,208 bitcoin on June 25 at a time-weighted average price (TWAP) of $105,977 per coin. This latest acquisition adds to the 3,724 bitcoin bought the day prior, bringing the firm’s total holdings to 4,932 BTC.
The purchase is part of Procap’s ongoing bitcoin accumulation strategy, announced in conjunction with its $1 billion proposed merger with Columbus Circle Capital Corp. I (Nasdaq: CCCM). The deal aims to take the firm public as Procap Financial, Inc.
Procap is using funds raised at the time of the signing to execute these purchases. The move gives its equity investors direct bitcoin exposure ahead of the planned merger’s completion.
The company reiterated its intent to continue purchasing bitcoin as a core part of its long-term strategy. Upon completion of the business combination, Procap Financial expects to hold as much as $1 billion worth of bitcoin on its balance sheet.
Just like yesterday’s BTC acquisition, the reported TWAP for the June 25 purchase differs from the “signing bitcoin price” referenced in the June 23 agreement with CCCM, though both figures remain publicly disclosed.
Founded by Pompliano, Procap BTC, LLC is positioning itself as a bitcoin-native platform developing financial products tailored for institutional clients post-merger.
