Digital assets entrepreneur Anthony Pompliano is about to make a big move into bitcoin, with plans to raise $750 million through a public investment vehicle called ProCapBTC.
The company will buy bitcoin and make the digital asset more accessible to institutional and traditional investors.
According to the Financial Times, Pompliano will be CEO of ProCapBTC, a Bitcoin-focused company that will go public by merging with Columbus Circle Capital 1, a special purpose acquisition company (SPAC) backed by Cohen & Company, a publicly traded investment bank.
The plan is to raise $500 million in equity and $250 million in convertible debt. If successful, ProCapBTC could be one of the largest corporate buyers of bitcoin, potentially putting it in the top 10 holders of the digital currency.
This is not a fund with a little bitcoin exposure — it’s a company centered around the asset.
The deal is still in negotiations but sources close to the matter say it could be announced as soon as next week. If so, ProCapBTC will merge with Columbus Circle Capital 1, get public market access and be able to raise further capital for bitcoin purchases.
Columbus Circle Capital 1 went public and completed a $250 million IPO in May 2025 and was formed to acquire or merge with high-growth companies.
It’s sponsored by Cohen & Company Capital Markets, a division of Cohen & Company, which is listed on the New York Stock Exchange.
Cohen & Company has been getting more involved in the Bitcoin space. The firm has offered advisory, tax and audit services to digital asset companies, including NFT marketplaces, decentralized finance projects and token issuers.
Its backing gives the ProCapBTC initiative credibility in both traditional finance and digital assets.
Anthony Pompliano, known as “Pomp” in the digital assets community, is a well-known Bitcoin advocate, investor and podcast host. He co-founded Morgan Creek Digital Assets and also leads Pomp Investments, a firm focused on digital assets and fintech.
This isn’t Pompliano’s first SPAC. He led ProCap Acquisition, a fintech-focused SPAC that raised $250 million through a Nasdaq IPO in April.
Pompliano has been saying for years that bitcoin should be included in strategic reserves for governments and corporations. He thinks bitcoin will keep going up until governments stop printing money.
With ProCapBTC he’s putting his money where his mouth is — but this time through a big, public vehicle to buy bitcoin.
ProCapBTC is launching at a time of renewed interest in bitcoin, with governments and numerous companies announcing the creation of bitcoin reserves.
President Donald Trump being pro-Bitcoin is a big deal. His administration’s lighter regulatory approach has encouraged more companies to go public and expand in the space.
This is a new way for investors to get exposure to bitcoin without buying and holding the actual asset. A public company solely focused on bitcoin could be attractive to institutional investors with stricter investment guidelines.
