US Investor Strikes $1 Billion Bitcoin Treasury Merger Amid Crypto Policy Shift
U.S. entrepreneur and prominent crypto investor Anthony Pompliano has unveiled a groundbreaking $1 billion bitcoin treasury venture. On Monday, Pompliano announced that his financial firm, ProCap BTC, will merge with Columbus Circle Capital I, a special purpose acquisition company (SPAC), to form ProCap Financial—a pioneering bitcoin treasury company designed to hold and grow a large-scale BTC reserve.
Largest Fundraising in Bitcoin Treasury History
Pompliano revealed that ProCap BTC has raised $750 million in initial capital—$500 million in equity and $250 million in a convertible note, which he described as the largest initial fundraising ever for a bitcoin treasury-focused business.
Unlike traditional treasury companies that passively hold Bitcoin, ProCap Financial will adopt a hybrid approach. The firm aims to actively generate revenue and profit from its bitcoin holdings through lending, derivatives, and other digital asset financial products.
Major Institutional Backing
The venture has attracted capital commitments from both Wall Street institutions and crypto-native firms, including:
- Citadel
- Susquehanna
- Jane Street
- Magnetar
- Off the Chain Capital
- Pantera Capital
- CoinFund
- ParaFi Capital
- Blockchain.com
- FalconX
The reported involvement marks a significant vote of confidence in Pompliano’s vision.
Context: Strategic Shift in Crypto Policy
The launch of ProCap Financial comes amid a shift in U.S. cryptocurrency policy. Former President Donald Trump, who is seeking re-election, has publicly supported the creation of a strategic bitcoin reserve and has been actively courting crypto industry stakeholders on the campaign trail. This development mirrors the strategic treasury moves of companies like MicroStrategy, which began accumulating bitcoin in 2020 and now holds over $63 billion in BTC on its balance sheet.
Disrupting the Legacy Financial System
Pompliano emphasized that Bitcoin is at the forefront of financial disruption.
“The legacy financial system is being disrupted by Bitcoin right before our eyes,” he said.
“Our objective is to develop a platform that will not only acquire bitcoin for our balance sheet but will also implement risk-mitigated solutions to generate sustainable revenue and profits from our bitcoin holdings.”
With the formation of ProCap Financial, Pompliano aims to redefine the bitcoin treasury model by combining institutional capital, active crypto financial strategies, and long-term BTC accumulation. This move could set the tone for the next phase of bitcoin integration into the mainstream financial ecosystem.
