Anthony Pompliano | Crypto

Crypto personality Anthony Pompliano's Bitcoin treasury firm is buying back shares as the firm trades well below its asset value.

Morgan Creek Digital Assets co-founder and crypto influencer Anthony Pompliano is preparing to launch a new Bitcoin-focused investment vehicle that aims to raise $750 million through a merger with Columbus Circle Capital 1, the Financial Times reported on June 13, citing people familiar with the matter. The new entity, called ProCapBTC, will reportedly secure $500 […] The post Anthony Pompliano planning $750 million Bitcoin-focused investment firm via SPAC appeared first on CryptoSlate.

Under Pompliano’s leadership, ProCapBTC would reportedly seek to raise $750 million in equity and convertible debt as part of a merger with Columbus Circle Capital 1. Cryptocurrency entrepreneur Anthony Pompliano is reportedly in talks to launch a new Bitcoin-buying vehicle that will seek to raise $750 million. Pompliano is expected to become CEO of ProCapBTC, a Special Purpose Acquisition Company (SPAC) that is set to merge with the publicly traded blank cheque vehicle Columbus Circle Capital 1, the Financial Times reported on Friday. Under Pompliano’s leadership, which is still under discussion, ProCapBTC would seek to raise $500 million in equity and $250 million in convertible debt as part of a merger with Columbus Circle Capital 1, backed by the Cohen & Company investment bank. Read more