ProCap BTC Aims for $1 Billion Bitcoin War Chest Ahead of Blockbuster IPO

Wall Street meets Satoshi's vision as ProCap BTC unveils audacious crypto play.

The billion-dollar HODL strategy

Forget dipping toes—this firm's diving headfirst into Bitcoin accumulation mode. Their target? A cool $1 billion worth of BTC to anchor what could become crypto's most talked-about public debut.

IPO alchemy: Turning BTC into SEC filings

In a move that'll have traditional finance clutching their pearls, ProCap's betting big on Bitcoin's institutional appeal. Because nothing says 'mainstream adoption' like wrapping volatile crypto in the comforting bureaucracy of SEC paperwork.

The cynical take

Because when your business model is 'buy high, sell higher to greater fools,' going public isn't just smart—it's survival. After all, someone's got to hold the bag when the music stops.

ProCap BTC plans to accumulate $1 billion worth of Bitcoin to go public 

The time-weighted average price (TWAP) for the 2nd purchase may differ from the signing Bitcoin price due to the Business Combination Agreement signed by CCCM and ProCap on June 23, 2025. At the close of the proposed business partnership, ProCap Financial Inc. is expected to hold up to $1 billion in Bitcoin. Pompliano believes Bitcoin is the new hurdle rate, and if you can’t beat it, you buy it.   Anthony Pompliano, founder of ProCap BTC, LLC, has invested in more than 300 private companies and is reportedly known as one of the leading voices on Bitcoin globally. 

We have purchased another 1,208 bitcoin.

The average price was ~ $105,977 per bitcoin. We now hold a total of 4,932 bitcoin.$CCCM is one of the few bitcoin treasury companies that recently raised capital with the ability to offer equity investors exposure to bitcoin now… pic.twitter.com/cJWdj6RcW3

— Anthony Pompliano 🌪 (@APompliano) June 25, 2025

Columbus Circle Capital Corp. I (NASDAQ: CCCM), a Cayman Islands incorporated bank check company, was formed to enable mergers, share exchanges, asset acquisitions, share purchases, and reorganization of a business or more businesses. CCCM prides itself on the wealth of experience in its executive team, including CEO and Chairman Gary Quin,  an investment banker with over 25 years of experience in cross-border M&A, private equity, and capital markets.

COO Dan Nash is an investment banker with expertise in SPAC execution and building advisory platforms; lastly, CFO Joseph W. Pooler, Jr., has experience in public company financial leadership. CCCM  stock is trading at $10.80, down by 5.26% today, with a day range of $10.71 – $11.19. The YTD is up by 6.41%. The stock has stayed low today despite the recent merger with ProCap BTC LLC, signaling a lag in investor confidence.  

Pompliano says the race is on to acquire more Bitcoin

Anthony Pompliano revealed that ProCap now holds more Bitcoin than Gamestop, one of the public Bitcoin Treasuries currently holding 4710 BTC. He said that the race is on to acquire as many Bitcoins as possible. According to Pompliano, Bitcoin Treasuries have been rushing to accumulate Bitcoin, triggered by cheap capital yield promises and brand-name endorsements, which may resemble a bubble.

ProCap is the latest company to join the new wave of companies accumulating Bitcoin for corporate treasuries. If the company were to go public today, it WOULD rank the 13th largest among public companies holding Bitcoin, just behind Next Technology Holding Inc.

ProCap Financial Inc., the newly formed company from the merger, plans to be listed on Nasdaq after finalizing regulatory approvals from the Securities and Exchange Commission (SEC), according to Constantine Karides, chief legal counsel on the deal. 

Pompliano acknowledged that Bitcoin is disrupting legacy financial systems right before their eyes. The objective is to develop a platform that will acquire Bitcoin for their balance sheets and implement risk-managed solutions to create sustainable revenue and profits from the Bitcoin holdings. 

Meanwhile, several other firms have announced plans to purchase Bitcoin Treasuries, including real estate mogul Grant Cardone’s company, which announced a 1000 BTC bid for its corporate treasury. Mineral exploration company Panther Metals also announced a Bitcoin Treasury strategy that will combine traditional mining assets with crypto and purchase of Bitcoin worth $5.4 million.

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