Bitcoin’s Bold Leap: ProCap Financial Set to Go Public with $1B BTC Treasury via $750M SPAC Deal

In a groundbreaking development for the Bitcoin ecosystem, Anthony Pompliano's ProCap BTC, LLC is merging with SPAC Columbus Circle Capital Corp I to form ProCap Financial. This new entity, set to trade on Nasdaq under the ticker $CCCM, will boast the largest Bitcoin treasury ever held by a public company, with $1 billion in BTC and a $750 million capital raise. The move signals growing institutional confidence in Bitcoin as a core reserve asset, potentially reshaping corporate treasury strategies and fueling further mainstream adoption of cryptocurrency.

ProCap to Go Public with $1B in Bitcoin After $750M SPAC Deal

Anthony Pompliano, founder of Professional Capital Management, is orchestrating a landmark move in the bitcoin ecosystem. His firm, ProCap BTC, LLC, will merge with SPAC Columbus Circle Capital Corp I to form ProCap Financial—a Nasdaq-listed entity trading under $CCCM. The deal includes a $750 million raise, the largest ever for a Bitcoin treasury-focused public company.

ProCap Financial will hold Bitcoin as a Core reserve asset while developing revenue-generating products around its holdings. This hybrid model combines Bitcoin's passive appreciation with active monetization strategies. The approach mirrors MicroStrategy's pioneering corporate treasury strategy, but with added infrastructure to profit directly from Bitcoin's ecosystem.

Bitcoin Surges Past $105,000 as Geopolitical Tensions Ease

Bitcoin reclaimed the $105,000 threshold following a ceasefire announcement between Israel and Iran, orchestrated by the U.S. The cryptocurrency surged 3.9% to $105,302, nearly touching $106,000 at its peak. Market capitalization rose to $2.09 trillion, while trading volume increased by 6.9%.

The rebound marks a recovery from last week's slump, when BTC dropped to $98,974 amid escalating Middle East tensions. Geopolitical volatility had previously erased gains from Bitcoin's June 22 peak of $106,003. The asset remains down 1.2% weekly but demonstrates resilience as macro risks abate.

Will Powell Cut Rates? All Eyes on Capitol Hill as Crypto Markets Bleed

Federal Reserve Chair Jerome Powell's upcoming testimony before Congress and the Senate has markets on edge. Bitcoin plunged to $98.5K, with altcoins facing steep declines as investors seek clarity on interest rate cuts and inflation risks. The financial world awaits Powell's response to mounting political pressure and global economic tensions.

Powell faces bipartisan demands for rate cuts after the Fed held steady at 4.25%–4.5% in June. President TRUMP advocates for aggressive 2–3% cuts, while Senator Elizabeth Warren and Fed Governors push for action as early as July. CME FedWatch data shows an 82% probability of September cuts, but only 23% for July.

Crypto markets reel amid tariff discussions and macroeconomic uncertainty. Bitcoin's multi-month low reflects broader sector weakness, with altcoins suffering significant losses. Powell's testimony could provide critical direction for digital assets navigating turbulent waters.

FHFA Explores Bitcoin as Mortgage Collateral in Regulatory Shift

The U.S. Federal Housing Finance Agency is examining whether cryptocurrencies like Bitcoin should be accepted as collateral in mortgage applications. FHFA Director Bill Pulte announced the review on July 24, signaling potential recognition of digital assets in America's housing finance system.

This marks a significant departure from traditional underwriting practices, where volatile crypto holdings were routinely excluded. The move aligns with broader regulatory openness toward digital assets under the current administration.

While implementation details remain unclear, the initiative could reshape mortgage qualifications by treating crypto portfolios similarly to conventional securities and retirement accounts. The FHFA oversees critical housing institutions including Fannie Mae and Freddie Mac.

Metaplanet Announces $5 Billion U.S. Expansion to Accelerate Bitcoin Treasury Strategy

Metaplanet, the Japanese fintech firm, has unveiled a $5 billion capital injection into its U.S. subsidiary to scale its Bitcoin accumulation strategy. The MOVE signals a strategic pivot toward leveraging deeper liquidity pools in American markets, shifting from its previous reliance on Japanese exchanges like BitFlyer and private wallet acquisitions.

The company's share price has surged 1,250% amid its aggressive BTC treasury buildup, now targeting 210,000 BTC by 2027—a figure rivaling some national reserves. Institutional demand, exemplified by Metaplanet's expansion, is emerging as a critical driver of Bitcoin's supply crunch on exchanges and OTC desks.

Bitcoin Reclaims $105K Amid Easing Iran Tensions and Institutional Momentum

Bitcoin surged past $105,000 as geopolitical tensions between Iran and the U.S. showed signs of de-escalation, reversing an earlier drop below $100,000. The rebound fueled gains across the crypto market, with altcoins like VIRTUAL, JUP, and SEI rallying over 20%.

Market sentiment improved after President Trump announced a ceasefire between Israel and Iran, though unconfirmed reports of renewed aggression introduced caution. "Always fade geopolitics," noted the LondonCryptoClub newsletter, echoing traders' resilience to short-term volatility.

Institutional tailwinds strengthened as ProCap Financial, Anthony Pompliano's firm, revealed plans to go public via a merger with Columbus Circle Capital, targeting bitcoin asset management. Meanwhile, the U.S. Federal Housing Finance Agency is exploring crypto's role in mortgage qualifications, and two Fed appointees leaned toward rate cuts.

"ETF inflows and ProCap’s IPO signal institutional demand even at cycle highs," said BRN analyst Valentin Fournier, warning that geopolitical risks remain elevated despite the bullish momentum.