ProCap BTC, a Cryptocurrency Financial Services Firm founded by the investor Anthony Pompliano, did not waste time putting new money to work.
Less than 24 hours after revealing a fusion of $ 1 billion with Columbus Circle Capital Corp. (CCCM) and a separate capital increase of $ 775 million, the company collected 3,724 bitcoin
At an average price weighted over $ 103,785 per currency.
The purchase starts a treasure program that could increase to $ 1 billion in Bitcoin once the SPAC transaction and the combined company, which will be called ProCap Financial, lists in Nasdaq.
It occurs after the company revealed that it raised $ 550 million through a preferred capital offer and additional $ 225 million in convertible notes. If the company has already been publicly negotiated, it would be classified as the 14th largest BTC holder among companies that are quoted in the stock market, just below Semler Scientific, according to Bitcintrease.com.
Proccap BTC has argued that Bitcoin is now the new “obstacle rate” for capital implementation. “If you can’t beat him, you have to buy it,” he wrote in a press release.
The firm plans to take advantage of its bitcoin in performance generation strategies.
