Pomp Goes Nuclear: $1B Bitcoin-Native ProCap Merger Secures $750M War Chest for Public Debut

Anthony 'Pomp' Pompliano just dropped a financial moonshot—and Wall Street's scrambling to adjust their spreadsheets.

The Bitcoin maximalist's latest move? A $1 billion merger to launch ProCap, the first institutional-grade investment platform built entirely on Bitcoin's rails. The kicker? He's already locked down $750 million in funding to take the thing public.

Wall Street's reaction? A mix of FOMO and existential dread as the old guard realizes their 'blockchain initiatives' were just PowerPoint deep.

This isn't just another crypto startup—it's a direct challenge to traditional finance's plumbing. ProCap's architecture reportedly bypasses legacy clearing systems entirely, settling transactions directly on Bitcoin's base layer.

The $750 million raise—reportedly oversubscribed in hours—suggests institutions are finally waking up to what Pomp's been screaming for years: Bitcoin isn't just an asset, it's the infrastructure.

One hedge fund manager (who begged anonymity) grumbled: 'We spent five years and $80 million building a 'digital assets division'—this kid just rendered it obsolete with a white paper and a Twitter thread.'

As for timing? Pomp's going public while traditional IPOs are stuck in SEC purgatory—because nothing says 'regulatory arbitrage' like launching on the most decentralized network on earth.

ProCap to Acquire Bitcoin – BTC Treasury Firms Are on The Rise

Pompliano stated that ProCap will strategically acquire bitcoin and generate revenue and profits from its BTC holdings.

Per the official announcement, ProCap Financial will hold up to $1 billion in Bitcoin on its balance sheet. It will offer services including trading, lending and capital markets, all denominated in Bitcoin.

Further, the $750 million funding includes $235 million in convertible debt, with the remaining amount comprising equity.

“It is time to get to work,” said podcast host Pompliano. In a reply to Strategy’s CEO, Michael Saylor, he said, “Your idea is spreading globally as people realize the value of Bitcoin.”

Indeed, inspired by Strategy (previously MicroStrategy), which currently holds 592,345, after adding 245 Bitcoins on Monday, several public companies are turning into Bitcoin proxies.

Intersection of Bitcoin and Traditional Finance

However, according to Pompliano, ProCap is pushing beyond that model. He said that the company WOULD build a financial services platform on top of it, besides accumulating Bitcoin.

“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 revenue and profits from our bitcoin holdings,” he said.

Additionally, equity investors will have immediate exposure from day one, the announcement added.

“ProCap Financial aims to become the leading financial services firm at the intersection of bitcoin and traditional finance.”

Pompliano told CNBC that the goal is to look and feel like a traditional financial institution, which resonates very differently with capital allocators.