American investor and entrepreneur Anthony Pipriano has announced a billion-dollar business merger to set up Procap Financial, a native Bitcoin company. The company said it raised $750 million from some of Wall Street’s leading institutional investors.
“The company will be an entity published on NASDAQ,” said Pompliano through a special purpose acquisition company (SPAC) at Columbus Circle Capital Corp.
“As part of the business combination, I raised over $750 million, the largest funding in the Bitcoin Treasury history that is publicly available.”
Today I am announcing a billion dollar merger to create Procap Financial, a Bitcoin native financial service.
The company will be an entity published on NASDAQ at the end of the proposed business combination between my private companies Procap BTC, LLC and Columbus Circle…– Anthony Pompliano
(@apopliano) June 23, 2025
Procap to acquire Bitcoin – BTC finance companies are increasing
Pulliano said Procap will strategically acquire Bitcoin from its BTC holdings, generating revenue and profits.
According to an official announcement, Procap Financial holds up to $1 billion in Bitcoin on its balance sheet. We provide services such as trading, lending, capital markets.
Additionally, the $750 million funds include $235 million in conversion obligations, with the remaining amount including stocks.
“It’s time to get to work,” said Pompliano, the host of the podcast. In a response to strategy CEO Michael Saylor, he said, “Your ideas are spreading globally as people recognize the value of Bitcoin.”
In fact, several public companies are beginning to turn into Bitcoin proxy, inspired by a strategy that now holds 592,345 after adding 245 bitcoins on Monday.
The intersection of bitcoin and traditional finance
But according to Pulliano, Procap is pushing beyond that model. He said in addition to accumulating Bitcoin, the company will build a financial services platform on top of it.
“Our aim is to develop a platform that not only acquires Bitcoin for the balance sheet, but also implements risk initiation solutions to generate revenue and profits from Bitcoin Holdings,” he said.
Additionally, the stock investors announced that they will be exposed immediately from day one.
“Procap Financial aims to become a major financial services company at the intersection of Bitcoin and traditional finance.”
Pulliano told CNBC the goal is to look and feel like a traditional financial institution, resonating very differently with capital allocators.
Anthony Pulliano’s post attacked a $1 billion merger to launch Bitcoin native Procap and raised $750 million to first appear on Cryptonews.
