Anthony Pompliano is negotiating to become CEO of a new investment vehicle aiming to raise $750 million for a major Bitcoin acquisition. He plans to lead ProCapBTC, a newly formed investment group with an ambitious mandate.
This involves raising $500 million in equity and $250 million in convertible debt through a merger with Columbus Circle Capital 1.
Columbus Circle Capital 1, which recently completed a $250 million initial public offering (IPO) on Nasdaq, provides a timely launchpad for ProCapBTC. The deal could be announced as soon as next week, although negotiations are ongoing and the terms are not yet finalized.
Bitcoin Investment Plan
The move comes at a pivotal moment for the cryptocurrency market. President Donald Trump’s pro-crypto stance and regulatory easing have sparked a resurgence of capital into the sector. Recent high-profile listings, such as stablecoin issuer Circle’s shares’ 168% surge on debut and the Peter Thiel-backed Bullish’s IPO plans, reflect a revived appetite for digital asset investments.
Pompliano, who commands a following of 1.7 million on X (formerly Twitter) and over 600,000 YouTube subscribers, is no stranger to public markets. He recently led a $220 million IPO for a separate SPAC, ProCap Acquisition Corp. This underscores his expertise in structuring large-scale capital raises.
Utilizing the SPAC structure to attract both institutional and individual investors, the anticipated $750 million raise will be divided between $500 million in equity and $250 million in convertible debt. The decision indicates increased institutional confidence in Bitcoin’s long-term prospects, despite Pompliano and Cohen & Company’s refusal to make public comments.
Should the deal proceed, it would reinforce the trend of public companies using innovative financial vehicles to build Bitcoin treasuries. This strategy has become increasingly popular as regulatory clarity improves and market sentiment rebounds.
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