Anthony Pompliano, a digital asset presenter and Podcast’s presenter, will become CEO of ProCAPBTC, a new investment vehicle with the aim of acquiring large amounts of bitcoins
According to Financial Times, which cited three people familiar with conversations.
According to the proposed agreement, ProCAPBTC plans to raise $ 750 million, $ 500 million in capital and $ 250 million in convertible debt, in a merger with Columbus Circle Capital 1, a special purpose acquisition company (SPAC) backed by Cohen & Company, the FT said.
An agreement could be announced at the beginning of next week, although negotiations are still in progress and the final terms are uncertain.
The purchase of Bitcoin has become an increasingly popular treasure strategy, with 126 companies that quote on the stock market now have almost 820,000 bitcoin, according to Bitcintrease.net. Strategy (MSTR), the software manufacturer whose executive president Michael Saylor pioneered the approach now has BTC worth $ 61 billion. If all the $ 750 million of ProCAPBTC were spent in Bitcoin, it would be located just outside the 10 main headlines of the largest cryptocurrency.
The measure reflects the enthusiasm renewed in cryptographic markets after the election of US President Donald Trump, who on Thursday said it is an “honor” to be considered a pro-Crypto president. The flexibility of the rules of its administration that govern the industry has led several companies to consider selling shares to the public. Last week, the circle of emitters of Stablecoin (CRCL) increased by 168% on its first day of negotiation and the reach of Peter Thiel-Respaldado, is following an opi. Bullish Group is the father of Coendesk and Bullish Exchange.
Pompliano declined to comment to the FT, and Cohen & Company did not respond to his request for comments.
