American investor and entrepreneur Anthony Pompliano announced a $1 billion business merger to create a Bitcoin-native firm, ProCap Financial. The company has raised $750 million “from some of the leading institutional investors on Wall Street,” Pompliano posted on X. “The company will be a publicly traded entity on Nasdaq,” said Pompliano through a special purpose acquisition company, or SPAC, with Columbus Circle Capital Corp. “As part of the business combination, I have raised over $750 million, which is the largest initial fundraise in history for a publicly-traded bitcoin treasury company.” Today I am announcing a $1 BILLION merger to create ProCap Financial, a bitcoin-native financial services. The company will be a publicly traded entity on Nasdaq at the conclusion of the proposed business combination between my private company ProCap BTC, LLC and Columbus Circle… — Anthony Pompliano 🌪 (@APompliano) June 23, 2025 ProCap to Acquire Bitcoin – BTC Treasury Firms Are on The Rise Pompliano stated that ProCap will strategically acquire Bitcoin and generate revenue and profits from its BTC holdings. Per the official announcement , ProCap Financial will hold up to $1 billion in Bitcoin on its balance sheet. It will offer services including trading, lending and capital markets, all denominated in Bitcoin. Further, the $750 million funding includes $235 million in convertible debt, with the remaining amount comprising equity. “It is time to get to work,” said podcast host Pompliano. In a reply to Strategy’s CEO, Michael Saylor, he said, “Your idea is spreading globally as people realize the value of Bitcoin.” Indeed, inspired by Strategy (previously MicroStrategy), which currently holds 592,345, after adding 245 Bitcoins on Monday , several public companies are turning into Bitcoin proxies. Intersection of Bitcoin and Traditional Finance However, according to Pompliano, ProCap is pushing beyond that model. He said that the company would build a financial services platform on top of it, besides accumulating Bitcoin. “Our objective is to develop a platform that will not only acquire bitcoin for our balance sheet, but will also implement risk-mitigated solutions to generate revenue and profits from our bitcoin holdings,” he said. Additionally, equity investors will have immediate exposure from day one, the announcement added. “ProCap Financial aims to become the leading financial services firm at the intersection of bitcoin and traditional finance.” Pompliano told CNBC that the goal is to look and feel like a traditional financial institution, which resonates very differently with capital allocators.American investor and entrepreneur Anthony Pompliano announced a $1 billion business merger to create a Bitcoin-native firm, ProCap Financial. The company has raised $750 million “from some of the leading institutional investors on Wall Street,” Pompliano posted on X. “The company will be a publicly traded entity on Nasdaq,” said Pompliano through a special purpose acquisition company, or SPAC, with Columbus Circle Capital Corp. “As part of the business combination, I have raised over $750 million, which is the largest initial fundraise in history for a publicly-traded bitcoin treasury company.” Today I am announcing a $1 BILLION merger to create ProCap Financial, a bitcoin-native financial services. The company will be a publicly traded entity on Nasdaq at the conclusion of the proposed business combination between my private company ProCap BTC, LLC and Columbus Circle… — Anthony Pompliano 🌪 (@APompliano) June 23, 2025 ProCap to Acquire Bitcoin – BTC Treasury Firms Are on The Rise Pompliano stated that ProCap will strategically acquire Bitcoin and generate revenue and profits from its BTC holdings. Per the official announcement , ProCap Financial will hold up to $1 billion in Bitcoin on its balance sheet. It will offer services including trading, lending and capital markets, all denominated in Bitcoin. Further, the $750 million funding includes $235 million in convertible debt, with the remaining amount comprising equity. “It is time to get to work,” said podcast host Pompliano. In a reply to Strategy’s CEO, Michael Saylor, he said, “Your idea is spreading globally as people realize the value of Bitcoin.” Indeed, inspired by Strategy (previously MicroStrategy), which currently holds 592,345, after adding 245 Bitcoins on Monday , several public companies are turning into Bitcoin proxies. Intersection of Bitcoin and Traditional Finance However, according to Pompliano, ProCap is pushing beyond that model. He said that the company would build a financial services platform on top of it, besides accumulating Bitcoin. “Our objective is to develop a platform that will not only acquire bitcoin for our balance sheet, but will also implement risk-mitigated solutions to generate revenue and profits from our bitcoin holdings,” he said. Additionally, equity investors will have immediate exposure from day one, the announcement added. “ProCap Financial aims to become the leading financial services firm at the intersection of bitcoin and traditional finance.” Pompliano told CNBC that the goal is to look and feel like a traditional financial institution, which resonates very differently with capital allocators.
Anthony Pompliano Strikes $1B Merger to Launch Bitcoin-Native ProCap, Raises $750M to Go Public
American investor and entrepreneur Anthony Pompliano announced a $1 billion business merger to create a Bitcoin-native firm, ProCap Financial. The company has raised $750 million “from some of the leading institutional investors on Wall Street,” Pompliano posted on X.
“The company will be a publicly traded entity on Nasdaq,” said Pompliano through a special purpose acquisition company, or SPAC, with Columbus Circle Capital Corp.
“As part of the business combination, I have raised over $750 million, which is the largest initial fundraise in history for a publicly-traded bitcoin treasury company.”
ProCap to Acquire Bitcoin – BTC Treasury Firms Are on The Rise
Pompliano stated that ProCap will strategically acquire Bitcoin and generate revenue and profits from its BTC holdings.
Per the official announcement, ProCap Financial will hold up to $1 billion in Bitcoin on its balance sheet. It will offer services including trading, lending and capital markets, all denominated in Bitcoin.
Further, the $750 million funding includes $235 million in convertible debt, with the remaining amount comprising equity.
“It is time to get to work,” said podcast host Pompliano. In a reply to Strategy’s CEO, Michael Saylor, he said, “Your idea is spreading globally as people realize the value of Bitcoin.”
Indeed, inspired by Strategy (previously MicroStrategy), which currently holds 592,345, after adding 245 Bitcoins on Monday, several public companies are turning into Bitcoin proxies.
Intersection of Bitcoin and Traditional Finance
However, according to Pompliano, ProCap is pushing beyond that model. He said that the company would build a financial services platform on top of it, besides accumulating Bitcoin.
“Our objective is to develop a platform that will not only acquire bitcoin for our balance sheet, but will also implement risk-mitigated solutions to generate revenue and profits from our bitcoin holdings,” he said.
Additionally, equity investors will have immediate exposure from day one, the announcement added.
“ProCap Financial aims to become the leading financial services firm at the intersection of bitcoin and traditional finance.”
Pompliano told CNBC that the goal is to look and feel like a traditional financial institution, which resonates very differently with capital allocators.
Market Opportunity
Bitcoin Price(BTC)
$87,205.37
$87,205.37$87,205.37
USD
Bitcoin (BTC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Building a DEXScreener Clone: A Step-by-Step Guide
DEX Screener is used by crypto traders who need access to on-chain data like trading volumes, liquidity, and token prices. This information allows them to analyze trends, monitor new listings, and make informed investment decisions. In this tutorial, I will build a DEXScreener clone from scratch, covering everything from the initial design to a functional app. We will use Streamlit, a Python framework for building full-stack apps.
Share
Hackernoon2025/09/18 15:05
Which DOGE? Musk's Cryptic Post Explodes Confusion
A viral chart documenting a sharp decline in U.S. federal employment during President Trump's second term has sparked unexpected confusion in cryptocurrency markets
Share
Coinstats2025/12/20 01:13
Google's AP2 protocol has been released. Does encrypted AI still have a chance?
Following the MCP and A2A protocols, the AI Agent market has seen another blockbuster arrival: the Agent Payments Protocol (AP2), developed by Google. This will clearly further enhance AI Agents' autonomous multi-tasking capabilities, but the unfortunate reality is that it has little to do with web3AI. Let's take a closer look: What problem does AP2 solve? Simply put, the MCP protocol is like a universal hook, enabling AI agents to connect to various external tools and data sources; A2A is a team collaboration communication protocol that allows multiple AI agents to cooperate with each other to complete complex tasks; AP2 completes the last piece of the puzzle - payment capability. In other words, MCP opens up connectivity, A2A promotes collaboration efficiency, and AP2 achieves value exchange. The arrival of AP2 truly injects "soul" into the autonomous collaboration and task execution of Multi-Agents. Imagine AI Agents connecting Qunar, Meituan, and Didi to complete the booking of flights, hotels, and car rentals, but then getting stuck at the point of "self-payment." What's the point of all that multitasking? So, remember this: AP2 is an extension of MCP+A2A, solving the last mile problem of AI Agent automated execution. What are the technical highlights of AP2? The core innovation of AP2 is the Mandates mechanism, which is divided into real-time authorization mode and delegated authorization mode. Real-time authorization is easy to understand. The AI Agent finds the product and shows it to you. The operation can only be performed after the user signs. Delegated authorization requires the user to set rules in advance, such as only buying the iPhone 17 when the price drops to 5,000. The AI Agent monitors the trigger conditions and executes automatically. The implementation logic is cryptographically signed using Verifiable Credentials (VCs). Users can set complex commission conditions, including price ranges, time limits, and payment method priorities, forming a tamper-proof digital contract. Once signed, the AI Agent executes according to the conditions, with VCs ensuring auditability and security at every step. Of particular note is the "A2A x402" extension, a technical component developed by Google specifically for crypto payments, developed in collaboration with Coinbase and the Ethereum Foundation. This extension enables AI Agents to seamlessly process stablecoins, ETH, and other blockchain assets, supporting native payment scenarios within the Web3 ecosystem. What kind of imagination space can AP2 bring? After analyzing the technical principles, do you think that's it? Yes, in fact, the AP2 is boring when it is disassembled alone. Its real charm lies in connecting and opening up the "MCP+A2A+AP2" technology stack, completely opening up the complete link of AI Agent's autonomous analysis+execution+payment. From now on, AI Agents can open up many application scenarios. For example, AI Agents for stock investment and financial management can help us monitor the market 24/7 and conduct independent transactions. Enterprise procurement AI Agents can automatically replenish and renew without human intervention. AP2's complementary payment capabilities will further expand the penetration of the Agent-to-Agent economy into more scenarios. Google obviously understands that after the technical framework is established, the ecological implementation must be relied upon, so it has brought in more than 60 partners to develop it, almost covering the entire payment and business ecosystem. Interestingly, it also involves major Crypto players such as Ethereum, Coinbase, MetaMask, and Sui. Combined with the current trend of currency and stock integration, the imagination space has been doubled. Is web3 AI really dead? Not entirely. Google's AP2 looks complete, but it only achieves technical compatibility with Crypto payments. It can only be regarded as an extension of the traditional authorization framework and belongs to the category of automated execution. There is a "paradigm" difference between it and the autonomous asset management pursued by pure Crypto native solutions. The Crypto-native solutions under exploration are taking the "decentralized custody + on-chain verification" route, including AI Agent autonomous asset management, AI Agent autonomous transactions (DeFAI), AI Agent digital identity and on-chain reputation system (ERC-8004...), AI Agent on-chain governance DAO framework, AI Agent NPC and digital avatars, and many other interesting and fun directions. Ultimately, once users get used to AI Agent payments in traditional fields, their acceptance of AI Agents autonomously owning digital assets will also increase. And for those scenarios that AP2 cannot reach, such as anonymous transactions, censorship-resistant payments, and decentralized asset management, there will always be a time for crypto-native solutions to show their strength? The two are more likely to be complementary rather than competitive, but to be honest, the key technological advancements behind AI Agents currently all come from web2AI, and web3AI still needs to keep up the good work!
Share
PANews2025/09/18 07:00