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ProCap BTC Buys 3,724 Bitcoin At An Average Price Of $103,785 Following $1B SPAC Deal Announcement, Plans To Hold Up To $1B In Bitcoin Post-Merger

Benzinga·06/24/2025 14:31:50
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American investor and entrepreneur, Anthony Pompliano, today announced that ProCap BTC, LLC, a bitcoin-native financial services firm (the "Company"), has purchased 3,724 bitcoin at a time weighted average price ("TWAP") of $103,785 per bitcoin, following the Company's June 23, 2025 announcement of a proposed $1 billion business combination with Columbus Circle Capital Corp. I (NASDAQ:CCCM) to take the Company public as ProCap Financial, Inc. The Company now holds 3,724 bitcoin on its balance sheet.

The bitcoin was acquired as part of the Company's on-going bitcoin purchase program. The Company has wasted no time delivering for its investors by deploying the funds raised at signing to accumulate bitcoin. As a result, equity investors received immediate bitcoin exposure from the equity raise.

The Company plans to continue buying bitcoin for its balance sheet as part of its ongoing business strategy. At the closing of the proposed business combination, ProCap Financial is expected to hold up to $1 billion in bitcoin on its balance sheet. The TWAP for the Day 1 purchases may be different from the "Signing Bitcoin Price" for purposes of Business Combination Agreement signed by CCCM and the Company on June 23, 2025.