ProCap BTC has significantly increased its Bitcoin reserves following a strategic purchase of an additional 1,208 BTC.
The acquisition, executed using a time-weighted average price (TWAP) strategy at approximately $105,977 per Bitcoin, represents a major capital deployment of around $128 million.
This latest investment elevates ProCap BTC’s total Bitcoin holdings to 4,932 coins.
The move reinforces ProCap BTC’s dedicated strategy, previously establishing a position of 3,724 Bitcoins valued at roughly $3.865 billion, to provide its equity investors direct exposure to Bitcoin as a core asset.
ProCap BTC expects the combined value of its Bitcoin holdings to surpass the $1 billion mark upon completion of a planned merger.