TechFlow news, June 25 — According to GlobeNewswire, ProCap BTC, LLC, a Bitcoin-native financial services company, has purchased 1,208 bitcoins at a time-weighted average price of $105,977 per bitcoin, bringing its total holdings to 4,932 bitcoins. This purchase follows the company's June 23 announcement of a $1 billion business combination agreement with Columbus Circle Capital Corp. I (Nasdaq: CCCM), under which it will become publicly listed as ProCap Financial, Inc. The company stated it will continue executing its bitcoin acquisition strategy, expecting the value of bitcoin on its balance sheet to reach $1 billion upon completion of the business combination.
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