The American entrepreneur and investor Anthony Poseliano announced a melting of a billion dollars to establish Procap Financial, a pioneer of native Bitcoin financial services.
The agreement implies a combination of companies between the private entity of Pompliano, Procap BTC, LLC, and the Special Acquisition Company for Purpose (SPAC) Columbus Circle Capital Corp I (NASDAQ: CCCM), said Pumpliano on Monday, June 23.
Bitcoin strategy of Procap Eyes
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Depending on the details of a CNBC report, the transaction should end before the end of 2025 and will see the newly formed company indicated on the Nasdaq scholarship under the Ticker $ CCCM.
Pospiano noted via his official X account that he had managed to raise $ 750 million in initial funding, making it the largest increase in this type for a Bitcoin cash company listed in the balance sheet.
The investor added that the substantial infusion of capital came from massive support by the main institutional investors in Wall Street.
Eminent crypto investors have also participated, highlighting the growing confidence in Bitcoin as a asset class.
“We are fortunate to have noted this capital from some of the main institutional investors of Wall Street, as well as many best cryptographic investors in the world,” wrote Pompliano on X.
Procap Financial should use funds to buy Bitcoin for its balance sheet.
He will also seek to develop products and services that give income and take advantage of his BTC transport.
Adoption of Bitcoin as assets of the Treasury
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Procap’s decision is aligned with a broader trend among companies, with the adoption of bitcoin as an increase in treasure.
After BTC of BTC of BTC of Strategate has reached more than $ 41 billion, many companies through the traditional space of financing and crypto rush to put themselves in position.
Metaplanet is such a player, but there are even more aggressive approaches that take shape. Cardone Capital, a real estate company, acquired 1,000 BTC for its Bitcoin strategy.
Trump Media, a company linked to the American president Donald Trump who recently revealed that a Bitcoin cash plan of $ 2.5 billion was part of it.
The other plans include the Twenty and Nakamoto fund and recently, the quest for the founder of Tron Justin Sun to transform Tron into a company listed in Nasdaq with BTC on the balance sheet.
Industry reactions to Potiano’s announcement were extremely positive, with the comments of Michael Saylor, the CEO of Bitwise Hunter Horsely and the Bitcoin strategist of Metaplanet, Dylan Leclair.
While Procap Financial is preparing for its public beginnings, the agreement reports a potential turning point for the integration of Bitcoin in traditional finance, the global markets closely monitoring.
Bitcoin exchanged about $ 101,500 on Monday, above the psychological level of $ 100,000 after the sale during the weekend, he pushed it below $ 99,000.
The strategy and Metaplanet have announced notable BTC purchases.
