Anthony Pompliano’s ProCap Acquires $386 Million in Bitcoin Following $1 Billion SPAC Deal Announcement
June 25, 2025 | By Martin Young
Anthony Pompliano’s cryptocurrency investment firm, ProCap, has made a significant move by purchasing 3,724 Bitcoin (BTC) valued at approximately $386 million. This strategic acquisition comes just days after the company revealed plans to go public later this year through a $1 billion special purpose acquisition company (SPAC) deal.
A Major Bitcoin Purchase to Bolster Treasury
On Tuesday, ProCap announced the purchase of 3,724 BTC at a time-weighted average price of about $103,785 per Bitcoin. Market gains since the acquisition have slightly increased the current value of the holding to just under $400 million. This purchasing decision aligns with ProCap’s broader business strategy to establish a substantial Bitcoin treasury.
Anthony Pompliano shared his perspective on the investment through his X (formerly Twitter) account, stating, “We believe Bitcoin is the new hurdle rate. If you can’t beat it, you have to buy it.” The firm intends to continue buying Bitcoin and aims to acquire up to $1 billion worth for its corporate balance sheet.
Path to Going Public via SPAC Merger
The recent BTC purchase coincides with ProCap’s announcement of its plan to go public by merging with Columbus Circle Capital, a blank-check company engaged in special purpose acquisition deals. This anticipated merger will transform ProCap into ProCap Financial, accelerating its growth and liquidity on public markets.
So far, the merger deal has raised over $750 million, comprising $516 million in equity capital and an additional $235 million in convertible notes. This capitalization is expected to fund both the company’s Bitcoin purchases and expansion into Bitcoin financial services.
Joining the Growing Corporate Bitcoin Treasury Trend
ProCap is among a rising cohort of firms embedding Bitcoin into their corporate treasuries. If ProCap were a publicly listed company today, its Bitcoin reserves would rank as the 14th largest among public companies, just behind medical technology firm Semler Scientific, according to data from BiTBO.
This transaction further highlights the ongoing trend of corporate Bitcoin accumulation. Just this week, notable treasury holders such as Strategy and Japan’s Metaplanet increased their Bitcoin holdings, now totaling roughly 592,345 BTC and 11,111 BTC, respectively. Meanwhile, real estate investor Grant Cardone announced his firm’s inaugural purchase of 1,000 BTC for its treasury.
Broader Adoption Within Various Sectors
Interest in corporate Bitcoin treasuries is not limited to financial services. Mineral exploration company Panther Metals unveiled a blended approach involving traditional mining assets and a $5.4 million Bitcoin purchase plan. Additionally, Norwegian deep-sea mining firm Green Minerals revealed intentions to acquire $1.2 billion worth of Bitcoin, underscoring the growing institutional embrace of digital assets across diverse industries.
Looking Ahead
Anthony Pompliano’s ProCap demonstrates the increasing conviction in Bitcoin’s role as a foundational financial asset through significant treasury accumulation and a forthcoming public listing. With the IPO expected later this year, ProCap could become a key player in Bitcoin financial services, symbolizing broader corporate confidence in cryptocurrency’s long-term potential.
For more updates on cryptocurrency investments, SPAC deals, and Bitcoin corporate treasuries, stay tuned to Cointelegraph.
Source: Anthony Pompliano, ProCap official announcements, BiTBO data