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.
Michael Saylor, executive chairman of Strategy, has revealed that the company has acquired an additional 21,021 Bitcoin for approximately $2.46 billion, paying an average price of $117,256 per BTC.
As Bitcoin continues to consolidate above $100K, a critical market signal is flashing: BTC funding rates remain elevated, even as price action cools.
Billionaire investor Ray Dalio, founder of Bridgewater Associates, has suggested that a balanced investment portfolio should include up to 15% allocation to gold or Bitcoin, though he remains personally more inclined toward the traditional asset.
With Bitcoin hovering near $119,000, traders are weighing their next move carefully. The question dominating the market now is simple: Buy the dip or wait for a cleaner setup?