ProCap Financial, a signature by the American investor Anthony Pompliano, bought 3,724 Bitcoin (BTC) as part of its corporate reserve strategy.
The acquisitions are They reported Today, June 24, one day after the creation of this Bitcoin -centered financial services firm, which is the result of the merger between ProCap BTC and Columbus Circle Capital Corp.
ProCap Financial acquired the BTC to a price of 103,785 dollars per unit. The purchase was made with an initial collection of more than 750 million dollars, which makes this operation ever registered for a company that quotes on a stock market with Bitcoin in its treasury.
The funds were obtained through a combination of 516.5 million dollars in preferential capital and $ 235 million in convertible bonds. Among the main participants are institutional investors and referents of the ecosystem, such as Magnetar Capital, Blockchain.com, Parafi, Off the Chain Capital and Mark Yusko, among others.
As Cryptonoticias reported, the new firm led by Pompliano will have up to 1 billion dollars in BTC in its balance at the close of the transaction.
The company is born with the aim of offering financial products built on BTC to generate income with their holdings, allowing investors to have indirect exposure to BTC. “We want to create a platform that not only accumulate BTC, but also use it strategically to generate value,” said Pompliano.
In this way, the investor follows the steps of Strategy, the firm led by Michael Saylor, which began with the BTC accumulation strategy in August 2020. Currently, currently, It is the public contribution company with more BTC in its treasury.
It should be noted that, while the firm advances with the acquisition of BTC, the approval of the Bag and Securities Commission (SEC) is still subtracted to formalize the merger between ProCap BTC and Columbus Circle Capital Corp. This process implies the presentation of form S-4 and compliance with current regulations in terms of values, with the aim of guaranteeing transparency and protecting investors.
Once these steps are completed, ProCap Financial will become a company that quotes in the stock market, something that is estimated will happen towards the end of 2025.
