Crypto entrepreneur Anthony Pompliano is spearheading a major Bitcoin-focused financial initiative through a special purpose acquisition company (SPAC) named ProCapBTC. The venture aims to raise $750 million via a merger with public investment vehicle Columbus Circle Capital 1, reflecting accelerating institutional interest in cryptocurrency investments.
The capital structure comprises $500 million in equity complemented by $250 million in convertible debt, positioning ProCapBTC among the largest dedicated crypto investment platforms. Columbus Circle Capital 1, operating under prominent financial firm Cohen & Company, lends established market credibility and regulatory expertise to the framework.
Pompliano brings relevant SPAC experience from his prior venture ProCap Acquisition, which successfully secured $250 million and demonstrated robust market performance. This track record suggests strong potential for the current endeavor to attract both traditional institutions and retail participants.
Industry analysts note the merger could significantly boost Bitcoin’s market liquidity and mainstream adoption. The arrangement creates accessible Bitcoin exposure without requiring direct digital asset custody, potentially accelerating capital inflows into the cryptocurrency sector.