Anthony Pompliano, a well-known cryptocurrency entrepreneur and influencer, is reportedly in negotiations to become the CEO of ProCapBTC, a newly proposed Bitcoin-buying investment vehicle. ProCapBTC plans to raise a total of $750 million, consisting of $500 million in equity and $250 million in convertible debt. This fundraising effort would be executed through a merger with Columbus Circle Capital 1, a publicly traded Special Purpose Acquisition Company (SPAC) backed by the investment bank Cohen & Company.
The merger and associated funding aim to secure large amounts of Bitcoin, positioning ProCapBTC as a significant institutional holder. Columbus Circle Capital 1 recently raised $250 million in its IPO, and is focused on mergers, acquisitions, and asset purchases. Cohen & Company is a respected investment bank active in providing advisory services in the crypto and digital asset sector.
This initiative by Pompliano follows his leadership of ProCap Acquisition, a fintech-focused SPAC which garnered $250 million in gross proceeds following its IPO. ProCap Acquisition's shares have shown positive momentum in trading since late May 2025.
The potential deal highlights growing institutional interest and renewed enthusiasm in the Bitcoin market, particularly amid the current pro-crypto regulatory environment in the United States. If the entire $750 million raised is invested in Bitcoin, ProCapBTC would rank among the top 10 largest Bitcoin holders globally. The transaction could be announced soon, although final terms remain under negotiation.