On June 25, according to Globenewswire, Anthony Pompliano, an American investor and entrepreneur, announced today that ProCap BTC, LLC, a Bitcoin native financial services company, purchased 1,208 BTC at a time-weighted average price (TWAP) of $105,977. As a result, the company's Bitcoin holdings on its balance sheet have reached 4,932 BTC.
This acquisition is part of the company's ongoing Bitcoin purchasing plan. The company quickly used the contracted fundraising to increase its Bitcoin holdings, providing equity investors with Bitcoin asset exposure from the beginning of financing. As a long-term strategy, the company will continue to accumulate Bitcoin assets, and it is expected that when the business merger is completed, the value of Bitcoin holdings on ProCap Financial's balance sheet will reach $1 billion.
BlockBeats previously reported that ProCap BTC announced yesterday the purchase of 3,724 BTC at an average price of $103,785, valued at $386.5 million.
