Anthony Pompliano Launches $1 Billion Bitcoin Treasury Firm Through SPAC Merger

Anthony Pompliano, a prominent American crypto investor, is set to launch a new bitcoin-focused financial platform called ProCap Financial through a $1 billion merger with blank-check company Columbus Circle Capital I. The initiative aims to create a publicly traded treasury firm that not only holds bitcoin but also actively generates revenue from it, according to a Reuters report.

Pompliano’s company, ProCap BTC, has already raised $500 million in equity and an additional $250 million through convertible notes. This marks one of the largest fundraising efforts to date for a bitcoin-centric corporate venture. The project has drawn strong institutional interest, with backing from major financial players including Citadel, Jane Street, Susquehanna, Magnetar, and crypto investment firms like Pantera Capital and Blockchain.com.

Unlike traditional bitcoin treasury companies that passively hold digital assets, ProCap Financial plans to monetize its holdings through various financial services. These include bitcoin lending, derivatives trading, and other income-generating instruments designed to create steady and sustainable returns. Pompliano stated that the company aims to provide “risk-mitigated solutions” to maximize profitability while safeguarding its bitcoin assets.

The launch comes at a time of growing institutional adoption of bitcoin and increasing political support for crypto initiatives in the United States. President Donald Trump has recently advocated for the establishment of a national bitcoin reserve and expressed support for policies favoring the digital asset sector, creating a favorable environment for ventures like ProCap.

The merger is expected to be completed by the end of 2025, subject to regulatory approvals. Once operational, ProCap Financial will offer investors exposure to bitcoin alongside access to a suite of revenue-driven crypto services, positioning itself as a new model for digital asset treasury management.