According to ChainCatcher, Anthony Pompliano today announced that he will merge with the listed SPAC company Columbus Circle Capital Corp I (stock code: $CCCM) through his private company ProCap BTC, LLC, creating a Bitcoin-native financial services company called ProCap Financial, with a transaction size of $1 billion.
As part of the merger plan, Pompliano has raised over $750 million in funding, setting a record for the largest initial fundraising for a publicly traded Bitcoin asset company. The funding sources include top Wall Street institutional investors and globally renowned cryptocurrency investors.
ProCap Financial will focus on acquiring BTC for its balance sheet while developing products and services to generate income and profits through its held Bitcoin assets.
