Anthony Pompliano ProCap recently shared an update on his progress and assessment metrics. ProCap has held a commercial combination agreement of $ 1 billion with Columbus Circle Capital Corp 1 (CCCM).
As part of the agreement, ProCap has raised more than $ 750 million and has already deployed more than $ 500 million to buy Bitcoin
accumulating a treasure of 4,950 BTC. This makes ProCap, the largest public holder of Bitcoin worldwide.
The data and analysis presented by Pompliano come directly from ProCAP and consult the implicit multiple net asset value (MNAV) premiums
According to ProCap’s analysis, the company’s shares are currently quoted with the lowest implicit mnav cousin among a group of Bitcoin Treasury companies, with 1.3x, compared to pairs such as Cantor Equity Partners (CEP) A 2.2X. This multiple under Mnav suggests that ProCap BTC LLC could be undervalued in relation to other Bitcoin Treasury companies.
A significant characteristic of the proposed business combination is the right of redemption for CCCM shareholders. Investors who have CCCM shares at the registration date of the special meeting to approve the business combination will have the right to redeem their shares for trust in trust.
From the closure of the initial public offer of CCCM in May, it is anticipated that this proportional trust value is approximately $ 10 per share. The maximum loss for investors is approximately 55 cents per share if the fiduciary value is around $ 10 according to Pompliano.
However, if ProCap implied that MNAV Premium increases to coincide with that of Cantor Equity Partners (2.2x)The price of subsequent shares could reach around $ 17.82 per share.
Read more: Anthony Pompliano ProCap BTC Buy $ 128 million Bitcoin on the second consecutive shopping day
