American crypto entrepreneur and investor Anthony Pompliano 🤑 is reportedly cooking up a new Bitcoin 🚀 investment vehicle with a rather whopping fundraising target of $750 million 💸. Because, you know, what’s a few hundred million between friends? 🤷♂️
According to the Financial Times 📰, Pompliano is in talks to lead ProCapBTC, a Bitcoin-focused Special Purpose Acquisition Company (SPAC), as its CEO 👑. The plan is to merge ProCapBTC with Columbus Circle Capital 1, a publicly listed blank-check company 🤝.
Under the plan, ProCapBTC would raise $500 million in equity and an additional $250 million through convertible debt 💸. Sources say the deal could be formally announced as soon as next week, although final terms are still being negotiated 🤔.
Columbus Circle Capital 1 was established with the purpose of identifying and merging with innovative, high-growth companies 🚀. It completed a $250 million IPO in May and is backed by Cohen & Company, a New York Stock Exchange-listed investment bank 🏦.
Cohen & Company, through its broker-dealer arm JVB Financial Group, has built a growing footprint in digital asset finance 📈. The firm has provided advisory, tax, and audit services to players in the cryptocurrency industry, including decentralized finance protocols, NFT marketplaces, and token issuers 🤝.
If confirmed, this new Bitcoin vehicle would expand Cohen & Company’s crypto involvement, signaling strong institutional interest in Bitcoin 🚀.
Pompliano has long advocated for Bitcoin to be treated as a strategic reserve asset 💰 by both private and public institutions. In 2024, he publicly explained that the global race for sovereign Bitcoin accumulation had already begun, and stressed that the United States must move quickly to stay competitive 🏃♂️.
The crypto investor also states that the price predictions don’t matter for Bitcoin 🤷♂️. He believes that Bitcoin is going to keep going up until the governments stop printing money 💸.
Bitcoin recently dropped 2.5% 📉 to $104,937 amid geopolitical tensions, with Binance experiencing heavy sell pressure of -$197 million 🚨. Despite this volatility, BTC ETFs have seen $970 million in inflows over the past three days, signaling strong investor interest 📈.
So, what’s next? Will Pompliano’s new venture be the catalyst for a Bitcoin boom? 🤔 Only time will tell, but one thing’s for sure – it’s going to be a wild ride 🎢.
Bitcoin (BTC) – $105,343
24h volatility: 2.1%
Market cap: $2.09 T
Vol. 24h: $53.23 B
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2025-06-13 20:27