BREAKING: Pompliano’s ProCap BTC Merges with CCCM in Landmark Deal—SEC Filing Goes Confidential

Bitcoin just got a power-up. Anthony Pompliano's ProCap BTC is merging with CCCM in a move that could reshape crypto infrastructure—and they're playing it close to the vest with a confidential S-4 filing.

Why it matters: When 'Pomp' makes a move, markets listen. The merger combines ProCap's institutional Bitcoin firepower with CCCM's operational muscle, creating a potential titan in crypto asset management.

The SEC shuffle: Filing confidentially buys time to perfect the pitch—and avoid tipping off competitors. Smart? Absolutely. Suspicious? Only if you think Wall Street's 'trust us' track record is... problematic.

Bottom line: This could be the backdoor institutional adoption play Bitcoin maximalists dreamed of—or just another financial matryoshka doll hiding complexity behind complexity. Either way, grab popcorn.

TLDR

• ProCap BTC to merge with CCCM, aims at institutional bitcoin expansion.
• ProCap files S-4 for merger, targets growth via SPAC and capital raise.
• Pompliano-led ProCap BTC eyes public market with CCCM SPAC merger.
• ProCap Financial to emerge post-merger, focusing on bitcoin services.
• Merger advances ProCap BTC’s push into institutional finance with CCCM.

ProCap Financial, Inc. has submitted a confidential draft registration statement on FORM S-4 to the U.S. SEC. This filing supports the planned business combination between ProCap BTC and Columbus Circle Capital Corp I (CCCM). The transaction follows the June 23, 2025 announcement outlining the proposed merger.

We announced the proposed business combination on June 23rd.

We filed a draft S-4 with the SEC on July 24th.

It took us only 31 days.

We are working hard to be efficient and effective.

— Anthony Pompliano 🌪 (@APompliano) July 24, 2025

The submission marks a key step toward completing the combination, which is subject to regulatory and shareholder approvals. ProCap BTC, led by Anthony Pompliano, focuses on Bitcoin holdings and education, and plans to expand through this move. ProCap Financial will become the operating entity after the merger is finalized.

The deal structure includes a private placement and convertible note offering, targeting qualified institutional buyers and accredited backers. These components aim to support the new entity’s financial flexibility and market positioning. Final terms and disclosures will follow in the forthcoming public registration documents.

Bitcoin-Native ProCap BTC Positions for Institutional Growth

ProCap BTC has built its reputation as a bitcoin-native financial services firm founded by entrepreneur Anthony Pompliano. The firm offers bitcoin-focused services and educational content to bridge gaps in the digital asset space. With over 300 investments made by Pompliano, the company maintains deep roots in the bitcoin ecosystem.

ProCap BTC aims to scale operations and launch profit-generating solutions for institutional clients. ProCap Financial plans to design financial tools tailored to the needs of banks and asset managers. This strategic direction is expected to align with Pompliano’s long-term vision for institutional bitcoin adoption.

The new structure will allow ProCap Financial to issue preferred units and convertible notes to select institutional participants. These capital-raising mechanisms are intended to fuel operations, expand product offerings and strengthen partnerships. All components remain conditional on transaction close and regulatory compliance.

CCCM’s SPAC Structure Facilitates Public Market Entry

Columbus Circle Capital Corp I, a Nasdaq-listed blank check company, will provide the path for ProCap BTC to enter public markets. CCCM’s leadership team brings DEEP expertise in cross-border M&A, private equity, and capital markets. The board includes seasoned executives from financial and blockchain sectors.

Gary Quin leads CCCM as CEO, with COO Dan Nash and CFO Joseph Pooler supporting deal execution and financial strategy. Their SPAC platform targets innovative businesses seeking to scale through capital market access. ProCap BTC fits CCCM’s target profile as a high-growth, bitcoin-focused company.

CCCM will distribute a proxy statement and prospectus to its shareholders for voting purposes. These documents will outline the business combination’s terms and forward-looking plans. Completion remains subject to customary closing conditions, including regulatory review and shareholder approval.