ProCap BTC, the bitcoin-focused investment firm founded by Anthony Pompliano, has purchased 1,208 BTC for $128 million, marking its second consecutive day of large-scale accumulation. The company now holds 4,932 bitcoin, acquired at an average price of $105,977 per coin, as Bitcoin trades above $107,000.
Accelerating Toward a $1 Billion Target
The purchase follows Monday’s announcement of a $385 million bitcoin acquisition and ProCap’s upcoming public market debut through a $1 billion merger with Columbus Circle Capital Corp. (CCCM). Upon completion of the deal, the company will be renamed ProCap Financial, Inc.
The firm’s stated goal is to hold up to $1 billion worth of Bitcoin by the time of its public listing.
Bitcoin as a Strategic Asset
Unlike many corporate buyers, ProCap BTC is intentionally aligning its investment strategy around Bitcoin, treating it not only as an asset but as a financial benchmark—what it calls the “new hurdle rate” for return expectations.
By deploying capital immediately upon deal signing, ProCap delivers direct bitcoin exposure to its equity investors, reinforcing its bitcoin-native thesis and commitment to a decentralized financial future.
Institutional Confidence Remains Strong
The move comes during a period of strong institutional and corporate demand for BTC:
- U.S. spot ETFs pulled in $588.5 million in a single day (June 24)
- Corporations like Japan’s Metaplanet raised hundreds of millions for BTC strategies
- U.S. states including Texas and Ohio are exploring public BTC holdings
ProCap’s aggressive accumulation positions it alongside a growing list of institutional players treating Bitcoin as a balance sheet cornerstone rather than a speculative bet.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.