Anthony Pompliano’s ProCap BTC Acquires 3,724 Bitcoin Following a Strategic Merger With Columbus Circle
The Anthony Poselian Pose Procap BTC acquired 3,724 Bitcoin for around $ 387 million to strengthen its balance sheet. The purchase of Bitcoin for its balance sheet followed the announcement on Monday of a quest proposal of $ 1 billion to accumulate more BTC via a strategic merger with Columbus Circle Capital Corp. (Nasdaq: CCCM).
The company has already managed to raise $ 750 million, after sold $ 516.5 million in equity and $ 235 million in convertible tickets. Consequently, PROCAP BTC investors have direct exposure to the flagship part and in a regulated manner.
“If you can’t beat it, you buy it,” said the ad.
Increasing institutional adoption of bitcoin
According to Data from the Bitcointheries market, 245 entities now hold more than 3.45 million BTC for their respective cash management. The palpable success of the strategy and metaplanetmetaplanet has convinced other companies around the world to follow in the same way.
In the United States, Pro-Crypto laws have contributed to attracting more institutional investors in the Bitcoin market. In addition, the federal reserve has identified the BTC as a digital gold, thus strongly influencing states that have implemented strategic bills for Bitcoin reserves.
The undeniable success of the American FNB BTC Spot is a clear indication of the strong demand for the flagship piece by institutional investors.
What is the next step for BTC Price?
The price of Bitcoin oscillates around a crucial crossroads which could lead to a parabolic rally or another correction at mid-term. Despite the high notable Bitcoin demand by institutional investors, the flagship part faces an intense sales pressure of more than $ 12 billion in lever -effect positions in around $ 112,000.
Consequently, if the BTC price still does not close above $ 110,000 in the coming weeks, a trace of less than $ 100,000 will be inevitable in the next three months.
