Just a day after raising over $750 million, Anthony Pompliano’s ProCap Financial has bought 3,724 Bitcoins for $386.6 million. The purchase was made at a time-weighted average price of $103,785 per coin, according to a company press release on June 24, 2025.
ProCap Financial, a Bitcoin-focused financial firm, was formed through a $1 billion merger between ProCap BTC, LLC, and Nasdaq-listed Columbus Circle Capital Corp (CCCM). The company is now listed on Nasdaq and plans to hold up to $1 billion worth of Bitcoin on its balance sheet once the business combination is complete.
The company wasted no time after the fundraise, deploying capital immediately to acquire Bitcoin as part of its new treasury program. “If you can’t beat it, you have to buy it,” ProCap said in a statement, emphasizing its belief that Bitcoin is now the new financial standard.
The $750 million raise included $516.5 million in equity and $235 million in convertible notes. The company’s investors include Magnetar Capital, Woodline Partners, Anson Funds, RK Capital, Blockchain.com, Off the Chain Capital, and Parafi.
ProCap now ranks 15th among public companies with Bitcoin on their balance sheet, joining the likes of Michael Saylor’s Strategy. Pompliano has publicly acknowledged Saylor’s influence on this move, saying his Bitcoin playbook is going global.
The company plans to continue buying Bitcoin and also build services that generate profits from its Bitcoin holdings. The goal is not just to hold BTC, but to become a full-scale Bitcoin-native financial services provider.
At the close of the business merger, ProCap expects to hold up to $1 billion in Bitcoin, giving its investors direct exposure to the asset from day one.
This purchase is an important move for Pompliano, who has supported Bitcoin for a long time. With this, ProCap becomes one of the largest newcomers in the corporate Bitcoin trend.
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