Anthony Pompliano Eyes $750 Million
$BTC Treasury Through Public Merger
#Crypto influencer Anthony Pompliano is in talks to serve as CEO of ProCapBTC, targeting $750 million for
$BTC purchases.
The publicly traded firm plans to merge with Columbus Circle Capital 1, a SPAC backed by Cohen & Company investment bank.
ProCapBTC seeks $500 million in equity financing and $250 million in convertible debt to fund the #Bitcoin acquisition strategy.
Columbus #Circle completed a $250 million upsized #IPO on Nasdaq last month, providing the merger vehicle.
All raised capital will be used exclusively to purchase
$BTC for corporate treasury reserves.
Pompliano previously led ProCap Acquisition Corp, which raised $220 million in its own Nasdaq debut last month.
The connection between ProCapBTC and ProCap Acquisition Corp remains unclear from public filings.
With 1.7 million X followers and 620,000 YouTube subscribers, Pompliano brings significant #crypto community influence.
