Key Takeaways:

Anthony Pompliano’s ProCap acquired 3,724 BTC for $386 million, aiming to hold up to $1 billion in Bitcoin as part of its corporate strategy.
The purchase preceded ProCap’s planned public listing via SPAC merger with Columbus Circle Capital, forming ProCap Financial.
ProCap’s Bitcoin reserves now rank 14th among public companies globally.

Anthony Pompliano’s crypto firm, ProCap, has made a significant investment by purchasing 3,724 Bitcoin for $386 million, at an average price of $103,785 per BTC.

The value of the holdings has since risen to nearly $400 million amid recent Bitcoin gains.

We have purchased 3,724 Bitcoin.

This purchase happened within one day after announcing a $1 BILLION merger and over $750 million fundraise.

The average price was ~ $103,785 per bitcoin.

We believe bitcoin is the new hurdle rate.

If you can’t beat it, you have to buy it.… pic.twitter.com/eX1iI9fVhm
— Anthony Pompliano 🌪 (@APompliano) June 24, 2025

This acquisition comes as ProCap prepares to go public through a merger with the SPAC Columbus Circle Capital, forming a new entity called ProCap Financial.

The SPAC deal has raised over $750 million, including $516 million in equity and $235 million in convertible notes.

Pompliano described Bitcoin as the “new hurdle rate,” emphasizing the asset’s role in corporate strategy.

ProCap aims to invest up to $1 billion in Bitcoin as part of its treasury strategy, joining a growing number of firms adding BTC to their balance sheets.

If publicly listed today, ProCap’s Bitcoin reserves would rank 14th among public companies, just behind Semler Scientific.

The move highlights increasing institutional interest in Bitcoin amid its rising value and evolving role as a strategic asset for corporate treasuries.