TechFlow news, on June 23, Anthony Pompliano announced plans to merge his private company ProCap BTC, LLC with publicly listed SPAC Columbus Circle Capital Corp I (ticker: $CCCM), forming a bitcoin-native financial services company named ProCap Financial in a deal valued at $1 billion.
As part of the merger plan, Pompliano has raised over $750 million, setting a record for the largest initial fundraising by a publicly traded bitcoin asset company. The funding comes from top Wall Street institutional investors and globally renowned cryptocurrency investors.
ProCap Financial will focus on acquiring bitcoin for its balance sheet while developing products and services that generate revenue and profit from its held bitcoin assets.
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