Anthony “Pomp” Pompliano starts 1 billion USD Bitcoin company
The long-time Bitcoin influencer Anthony “Pomp” Pompliano announces the foundation of Procap Financial. As a microstrategy-like construct, the company is entering the market for Bitcoin balance sheet strategies and institutional crypto services.
Procap BTC will merge with the listed Special Purpose Acquisition Company (Spac) Columbus Circle Capital I (CCCM.O). This creates Procap Financial, a company-owned Bitcoin trasury society that is supposed to keep up to 1 billion USD in Bitcoin, such as Reuters reported.
Financing and supporters
The crypto influencer starts one of the best-capitalized Bitcoin companies: $ 500 million came via equity, $ 250 million on convertible bonds-a total of $ 750 million. The project is supported by prominent institutional investors such as Citadel, Susquehanna, Jane Street and Magnetar, as well as crypto heavy weights such as Pantera, Blockchain.com and Falconx. Pompliano described the transaction as the “greatest start-up financing in the history of a Bitcoin treasury company”.
In contrast to companies such as Microstrategy, which primarily accumulate Bitcoin, Procap Financial pursues a broader business approach. The aim is to generate additional income through lending, derivative transactions and similar services through the Bitcoin stocks.
“Our goal is not only to keep Bitcoin, but also to generate sustainable income and profits.” – Anthony Pompliano, crypto influencer and CEO from Procap Financial
Market context and political signals
The merger takes place at the same time with US President Donald Trump, to establish a strategic Bitcoin reserve at the national levelwhat Pompliano sees as a positive signal for the industry. Other heavyweights like Plan Cantor Fitzgerald, Softbank and Tether Significant crypto investment funds, which underpins the trend towards the crypto treasury leadership of leading institutions.
If the merger is completed by the end of 2025, Procap Financial could take on a bridge function between BTC stocks and active financial service. With institutional backing and new yield strategies, the company wants to stand for the next evolutionary step. Bitcoin should not only be kept, but functionally used-as an income asset in a regulated structure.
