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5d ago

ProCap BTC Builds 4,932-Coin Treasury Ahead of SPAC Merger

The Pompliano-founded firm holds its Bitcoin in escrow as it pursues a SPAC merger to fund its $1 billion treasury goal.

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SPAC Anthony Pompliano bitcoin BTC bitcoin treasury ProCap Columbus Circle Capital
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Overview

  • ProCap BTC raised over $750 million on June 23, 2025, under a funding structure that allowed it to start buying Bitcoin immediately.
  • On June 24, the company acquired 3,724 Bitcoin at a time-weighted average price of $103,785 per coin for approximately $395 million.
  • On June 25, ProCap BTC added 1,208 Bitcoin at an average price of $105,977 per coin, bringing its total holdings to 4,932.
  • All Bitcoin purchases are held in escrow pending the close of its merger with Columbus Circle Capital Corp., which will rebrand the combined entity as ProCap Financial on Nasdaq.
  • ProCap BTC aims to expand its treasury to $1 billion while treating Bitcoin as its new hurdle rate for capital deployment and leveraging it in yield-generating strategies.