Crypto entrepreneur and podcaster Anthony Pompliano has raised $750 million to take his crypto company ProCap public by merging it with a blank-check firm.
Anthony Pompliano has raised $750 million to take his crypto firm, ProCap, public in the US by merging with the blank-check firm Columbus Circle Capital Corp.
The combined companies will debut as ProCap Financial Inc. with $1 billion in Bitcoin (BTC) on its balance sheet after the merger, which is expected to close before the end of this year, the companies said on Monday.
Pompliano, who will lead the firm when it goes public, said on X that ProCap Financial “will focus on acquiring bitcoin for its balance sheet, while also developing products and services to produce revenue and profit from the bitcoin on our balance sheet over time.”
