Anthony Pompliano, a prominent Bitcoin advocate and co-founder of Morgan Creek Digital, is reportedly preparing to launch a new BTC-focused investment firm dubbed ProCapBTC.
According to sources cited by The Financial Times, the vehicle aims to raise $750 million through a merger with Columbus Circle Capital 1, a SPAC backed by Cohen & Company.
The deal is expected to include $500 million in equity and $250 million in convertible debt, though final terms remain under wraps. An official announcement could arrive within days, according to insiders.
Columbus Circle Capital 1 went public in May with a $250 million IPO and was created specifically to target acquisitions in digital assets and emerging payment systems.
Its sponsor, Cohen & Company, has recently expanded into crypto advisory, auditing, and token-based financial services.
The launch of ProCapBTC follows Pompliano’s earlier success with ProCap Acquisition, a fintech-oriented SPAC that raised $250 million in April through a Nasdaq listing. While Pompliano hasn’t publicly confirmed the new initiative, it aligns with his ongoing mission to connect institutional capital with Bitcoin.
If completed, the deal would join a growing list of large-scale crypto investment plays, signaling renewed institutional interest in BTC exposure as the asset class continues to mature.
Bitcoin may not have reached its peak in the current market cycle, according to a recent analysis by crypto analytics firm Alphractal.
BlackRock’s iShares Bitcoin Trust (IBIT) has officially crossed the 700,000 BTC mark, reinforcing its position as one of the fastest-growing exchange-traded funds in financial history.
Bitcoin may be gearing up for a significant move as its volatility continues to tighten, according to on-chain insights from crypto analyst Axel Adler.
Two major developments are converging in July that could shape the future of Bitcoin in the United States—both tied to President Trump’s administration and its expanding crypto agenda.