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Pompliano’s ProCap Buys 3,724 Bitcoin After Raising $750M War Chest
The bitcoin-native company bought the coins at an average price of $103,785 and plans on leveraging its holding in yield-generating strategies.
Updated Jun 24, 2025, 6:49 p.m. Published Jun 24, 2025, 3:37 p.m.
What to know:
- ProCap BTC purchased 3,724 bitcoin at an average price of $103,785 and plans to invest up to $1 billion in the largest cryptocurrency.
- The move comes shortly after it announced a $1 billion bitcoin treasury SPAC deal and raised $750 million.
- The company plans on using its bitcoin in yield-generating strategies.
ProCap BTC, a cryptocurrency financial services firm founded by investor Anthony Pompliano, wasted no time putting new money to work.
Less than 24 hours after revealing a $1 billion merger with Columbus Circle Capital Corp. (CCCM) and a separate $775 million capital raise, the firm snapped up 3,724 bitcoin at a time-weighted average price of $103,785 per coin.
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The purchase kicks off a treasury program that could swell to $1 billion in bitcoin once the SPAC transaction closes and the combined company, to be called ProCap Financial, lists on Nasdaq.
It comes after the company revealed it raised $550 million through a preferred equity offering and an additional $225 million in convertible notes. If the company was already publicly traded, it would rank as the 14th biggest BTC holder among listed companies, just below Semler Scientific, according to Bitcointreasuries.com.
PropCap BTC has argued that bitcoin is now the new “hurdle rate” for capital deployment. “If you can’t beat it, you have to buy it,” it wrote in a press release.
The firm plans on leveraging its bitcoin in yield-generating strategies.
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
Ano ang dapat malaman:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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