English
Nederlands
Français
Deutsch
Italiano
Русский
Español
简体中文
हिन्दी
日本語
Another US company has been added to the Bitcoin accumulation race that has accelerated in the last cycle. According to the latest news, famous investor Anthony Pompliano announced today that his company ProCap Financial has raised $750 million for BTC purchases.
According to the official statement, ProCap Financial will strategically purchase Bitcoin with the funds raised and generate income and profit from Bitcoin assets.
US investor firm ProCap said it has merged with Columbus Circle Capital Corp. I (NASDAQ: CCCM), a SPAC, and is going public.
After the merger, ProCap aims to hold up to $1 billion worth of Bitcoin on its balance sheet and generate revenue through a new BTC-focused financial services platform.
” ProCap Financial raises $750 million for Bitcoin acquisitions and merges with Columbus Circle Capital Corp.
As part of the merger, the company aims to hold up to $1 billion worth of bitcoin on its balance sheet.
This was the largest initial fundraising in history for a publicly traded Bitcoin treasury company.
The new platform also plans to offer services such as Bitcoin-focused lending, trading and capital markets.”
ProCap Financial will be led by Anthony Pompliano, a leading figure in bitcoin worldwide who has invested in more than 300 private companies.
“The traditional financial system is being disrupted by Bitcoin.
“ProCap Financial represents our solution to the growing demand for bitcoin-native financial services among sophisticated investors. Our goal is to develop a platform that will not only acquire bitcoin for our balance sheet, but also implement risk-reduced solutions to generate income and profit from our BTC holdings.”
While Gamestop and Trump Media have recently stepped forward with their Bitcoin steps, Tron (TRX) founder Justin Sun announced that MicroStrategy has adopted the BTC tactic. Accordingly, Justin Sun has merged with a company called SRM and his new company will purchase TRX tokens.
*This is not investment advice.
Read the full article here
