Attention, crypto enthusiasts and Bitcoin believers! Anthony “Pomp” Pompliano, the man with the golden touch, is reportedly gearing up to lead a new public company on a mission to buy Bitcoin. Yes, you heard that right – a whole company dedicated to buying BTC!
Pompliano, the influential podcast host and social media sensation, is expected to become the CEO of ProCapBTC, a new entity planning to raise a whopping $750 million to purchase Bitcoin directly. And guess what? They’re planning to go public through a merger with Columbus Circle Capital 1, a special purpose acquisition company backed by investment firm Cohen & Company.
This deal would mark one of the largest recent crypto-focused capital raises, and it’s all part of a broader resurgence of interest in digital assets in public markets. According to people familiar with the talks, ProCapBTC would seek $500 million in equity and $250 million in convertible debt as part of the merger.
If this deal goes through, ProCapBTC would become a major institutional Bitcoin buyer, following in the footsteps of MicroStrategy’s Michael Saylor and Japan’s Metaplanet. But let’s be real – with Pomp at the helm, they’re sure to make waves in the crypto world!
Pomp’s Bitcoin Initiative: A SPAC-tacular Adventure!
Columbus Circle Capital 1 raised $250 million in a May IPO and was created to identify merger targets in sectors like fintech, digital assets, and AI. Cohen & Company, a New York-based boutique investment bank, sponsors the SPAC. Pompliano is no stranger to dealmaking, having raised $220 million for a separate blank-check vehicle earlier this year.
The ProCapBTC deal is still under negotiation, and sources say an announcement could come as soon as next week. But one thing’s for sure – this is going to be one heck of a SPAC-tacular adventure!
The push aligns with a wave of crypto activity that has picked up in recent months amid speculation that digital assets will play a larger role in U.S. economic policy under a second Trump administration. So buckle up, crypto fans – it’s going to be a wild ride!
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2025-06-13 17:08