ProCap BTC, the Bitcoin Native Financial Services firm led by businessman Anthony Pompliano, said he bought 1,208 Bitcoin
Only one day after announcing a purchase of $ 385 million of the largest cryptocurrency.
The company said it paid an average of $ 105,977 per token, with a transaction price to $ 128 million. With this movement, the company now has a total of 4,932 Bitcoin, which recently recovered $ 108,000.
The acquisition occurs two days after ProCap BTC announced its intention to make public through a business combination of $ 1 billion with Columbus Circle Capital Corp. (CCCM). At the end, the company will be called ProCap Financial, Inc.
Bitcoin’s purchase spree underlines ProCap’s strategic commitment to constantly build its BTC stock. By immediately deploying the capital raised in the firm, the firm has delivered the instant exposure of Bitcoin to capital investors, reinforcing its Bitcoin -centered investment thesis.
ProCap has said that he sees Bitcoin not only as an asset but as a central financial reference point, which he refers as “the new obstacle rate.” The company has indicated that it will continue to buy Bitcoin as part of its general balance strategy and hopes to maintain up to $ 1 billion in BTC at the time of the public list.
