Pompliano’s Bitcoin Treasury ProCap Shocks Markets with $1B SPAC Mega-Merger
Wall Street meets blockchain in a seismic power play.
The Pompliano Bitcoin Treasury ProCap just dropped a financial hydrogen bomb—announcing a $1 billion SPAC merger that'll send traditional finance scrambling for their Excel sheets.
Why it matters: This isn't your grandpa's IPO. By taking the SPAC route, the Bitcoin-focused fund bypasses traditional gatekeepers while giving institutional investors a compliant on-ramp to crypto exposure. The move comes as Bitcoin continues eating treasury reserves—with MicroStrategy's $14B bet looking smarter every quarter.
The cynical take: Nothing makes bankers move faster than seeing their 2% management fees get disrupted by a 24/7 market that never sleeps (or asks for three-martini lunches).
Bottom line: When Bitcoin whales start playing Wall Street's game better than Wall Street, maybe it's time to ask who's really disrupting whom.
