Anthony Pompliano’s ProCap BTC Aims for $1B Bitcoin Treasury in Bold Public Listing Move
Bitcoin bull Anthony Pompliano is doubling down—his ProCap BTC plans to go public while amassing a $1 billion war chest of the orange coin. Because nothing says 'institutional adoption' like a nine-figure bet on volatility.
The move comes as Wall Street still can't decide whether crypto is the future or a fringe experiment—meanwhile, Pompliano's building a BTC fortress. The proposed public listing would give traditional investors exposure without the hassle of self-custody (or understanding how blockchain works).
With $1 billion in planned BTC reserves, ProCap BTC isn't just dipping toes—it's cannonballing into the deep end. Whether this triggers a new wave of corporate Bitcoin strategies or becomes a cautionary tale depends on who you ask—the crypto faithful or the 'wait-and-see' finance dinosaurs.
Anthony Pompliano Leads $1 Billion Bitcoin Reserves Push
According to the official press release, the merger has raised more than $750 million in equity and convertible notes. The funding came from major institutional investors and Bitcoin-native funds through private placements.
ProCap BTC raised $516.5 million by selling non-voting preferred units. ProCap Financial secured $235 million in commitments for senior secured convertible notes.
“As part of the business combination, I have raised over $750 million, which is the largest initial fundraise in history for a publicly-traded bitcoin treasury company. We are fortunate to have raised this capital from some of the leading institutional investors on Wall Street, along with many of the top crypto investors globally,” Pompliano posted on X.
ProCap Financial plans to list on Nasdaq, pending approval from the US Securities and Exchange Commission (SEC). The transaction is expected to close by the end of 2025.
Pompliano, known for his bullish stance on Bitcoin and his extensive influence in the crypto space, will serve as the chairman of ProCap Financial. Besides simply accumulating BTC, the firm also aims to develop products and services that will help generate revenue and profit from Bitcoin on its balance sheet.
However, specifics regarding these revenue generation strategies remain undisclosed at this stage. Pompliano explained in a recent video that while many Bitcoin treasury firms have emerged recently, the model still has scope for improvement.
“The tagline for ProCap Financial is simple: Bitcoin is the new hurdle rate,” he added.
This development follows a trend of increasing institutional interest in Bitcoin. In April, Cantor Fitzgerald took a similar initiative in a partnership with SoftBank, Tether, and Bitfinex to create Twenty-One Capital. The following month, TRUMP Media and Technology Group raised around $2.5 billion to fund its Bitcoin reserve strategy.
Meanwhile, the trend has also picked up outside the US. From LATAM to the Middle East, firms are increasingly gravitating towards adding Bitcoin to their balance sheets. This emphasizes a growing confidence in Bitcoin’s potential as a store of value and a foundation for financial innovation.
