Pompliano’s ProCap Goes Big: Snaps Up 3,724 BTC as Corporate Bitcoin Adoption Explodes

Another institutional whale enters the Bitcoin feeding frenzy.

Anthony Pompliano’s investment firm ProCap just made its first major crypto play—grabbing 3,724 BTC in a single swoop. The move comes as blue-chip balance sheets increasingly resemble crypto exchange reserves.

Wall Street’s late to the party (again). While Fortune 500 treasuries cautiously dip toes in Bitcoin, ProCap’s all-in purchase screams conviction. No dollar-cost averaging here—just a truckload of digital gold parked on the balance sheet.

Corporate adoption isn’t coming—it’s here. MicroStrategy’s playbook now has imitators, with firms leveraging Bitcoin as both inflation hedge and volatility theater. Who needs bonds when you’ve got 24/7 price discovery?

One question lingers: When do the suits start demanding Bitcoin-denominated earnings calls? (We kid—they’ll stick to manipulating fiat metrics a while longer.)

ProCap BTC, a Bitcoin-native financial services firm founded by well-known investor and vocal BTC advocate Anthony Pompliano, has scooped up its first Bitcoins shortly after announcing a $1 billion BTC treasury SPAC deal.

ProCap joins a growing list of companies on the Nasdaq stockpiling the world’s largest and oldest cryptocurrency.

ProCap’s Billion-Dollar Bet On Bitcoin 

According to a Tuesday announcement, ProCap bought 3,724 Bitcoins at an average price of $103,785. The Bitcoin stack, worth around $384 million as of press time, sits on the company’s balance sheet, offering future shareholders immediate exposure to the price of the alpha crypto. 

ProCap aims to invest up to $1 billion in bitcoin once the special-purpose acquisition company (SPAC) transaction closes.

On Monday, ProCap announced it had proposed a $1 billion merger with Columbus Circle Capital Corp, with the combined company to be called ProCap Financial, listing on Nasdaq. The move is part of an increasing trend of so-called crypto treasury firms that finance Bitcoin acquisitions through equity and debt sales, inspired by the success of Michael Saylor’s Strategy. 

The company revealed it raised over $750 million, pulling in roughly $517 million by offering preferred equity and an additional $225 million by selling convertible notes, in what was described as “the largest initial fundraise in history for a public bitcoin treasury company,” according to a press release on Monday.

ProCap Joins Growing List Of Bitcoin-Buying Companies

ProCap’s announcement comes amid a sharp rise in public companies adding Bitcoin to their balance sheets, including President Donald Trump’s media conglomerate, TRUMP Media’s $2.3 billion raise to purchase Bitcoin last month, and GameStop’s recent adoption of Bitcoin as a treasury reserve asset.

Globally, 136 public companies have bought 835,053 Bitcoin worth $85 billion, according to data from Bitcoin Treasuries. Strategy currently has the largest Bitcoin holdings of any company at 592,345 BTC worth $62.8 billion.

Bitcoin was changing hands around $106,128 at publication time, a 3.6% increase over the past day, according to crypto data provider CoinGecko.