ProCap BTC, the Bitcoin-focused financial firm led by Anthony Pompliano, has purchased 1,208 more BTC just one day after disclosing a previous $385 million acquisition of the asset.
The new purchase, valued at $128 million, was executed at an average price of $105,977 per BTC, bringing the firm’s total holdings to 4,932 BTC.
The announcement comes on the heels of ProCap’s plan to go public via a $1 billion merger with Columbus Circle Capital Corp. (CCCM). Once finalized, the combined entity will operate under the name ProCap Financial, Inc.
Bitcoin has recently reclaimed the $107,000 leve l, adding momentum to ProCap’s aggressive accumulation strategy. The firm’s rapid deployment of capital underscores its commitment to building a Bitcoin-native financial institution with BTC as its core treasury reserve.
Kosta Gushterov
Reporter at Coindoo
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