Pompliano to Lead $750M ProCapBTC Bitcoin Vehicle

Anthony Pompliano, a prominent crypto investor and co-founder of Morgan Creek Digital, is set to become CEO of ProCapBTC, a new Bitcoin investment vehicle targeting a $750 million raise through a merger with Columbus Circle Capital 1, a SPAC backed by Cohen & Company. The planned capital raise includes $500 million in equity and $250 million in convertible debt, reflecting strategies used by major Bitcoin holders like MicroStrategy and Metaplanet. The initiative comes as institutional interest in crypto rises, supported by a more favorable regulatory climate under the Trump administration. The merger terms are still being negotiated and may be announced soon. Recent IPOs by crypto firms such as Bullish, Gemini, and Circle underscore renewed investor appetite in the US crypto market. If successful, ProCapBTC could become one of the largest public holders of Bitcoin, exemplifying the trend of institutional adoption.