Anthony Pompliano, one of the most recognized figures in the cryptocurrency world, has just announced a massive $1 billion merger aimed at revolutionizing how companies use bitcoin.
Pompliano’s firm, ProCap BTC, will merge with Columbus Circle Capital I, a publicly traded special purpose acquisition company (SPAC), to create ProCap Financial—a dedicated bitcoin treasury firm that will not only hold the cryptocurrency but actively generate revenue from it.
The new entity aims to hold up to $1 billion in bitcoin on its balance sheet. But unlike other companies that passively store crypto, ProCap Financial plans to go further by turning its bitcoin into a profitable asset through lending, derivatives, and other financial services.
Record-Breaking Fundraising
Pompliano revealed that ProCap BTC has already raised $750 million, including $500 million in equity and $250 million through a convertible note. He called it the largest initial fundraising in history for a bitcoin treasury business.
Though Pompliano claims that major institutional players like Citadel, Susquehanna, Jane Street, Magnetar, and leading crypto firms such as Pantera, CoinFund, ParaFi, Blockchain.com, Off the Chain Capital, and FalconX have committed funds, Reuters could not independently verify those claims.
Still, the sheer scale of the investment shows growing interest from both traditional finance and crypto-native firms in leveraging bitcoin not just as a store of value—but also as a tool for active capital generation.
Riding the Wave of Crypto Policy Shifts
This move also comes at a pivotal moment in U.S. politics. Former President Donald Trump, who is campaigning for re-election, has called for building a strategic bitcoin reserve and has leaned heavily into pro-crypto policies, likely influencing the confidence behind such large-scale ventures.
Companies like MicroStrategy have pioneered the concept of a bitcoin treasury strategy since 2020, and now hold over $63 billion in bitcoin. Pompliano is clearly looking to follow—and possibly surpass—that blueprint by adding a layer of active monetization.
“The legacy financial system is being disrupted by bitcoin right before our eyes,” Pompliano said. “We aim to build a platform that not only acquires bitcoin but also uses it to generate sustainable and risk-managed profits.”
What’s Next?
ProCap Financial could mark the next evolution in how corporations treat crypto. No longer just speculative or passive assets, bitcoin and other digital currencies may become the foundation of revenue-generating financial institutions.
With billions on the line and Wall Street watching, all eyes are now on whether ProCap can deliver real, sustainable returns in the fast-moving crypto space.
