Share this article
BTC
$119,252.68
+
1.56%ETH
$2,984.89
+
1.17%XRP
$2.8342
+
3.36%USDT
$1.0002
+
0.00%BNB
$693.66
+
0.90%SOL
$161.88
+
0.45%USDC
$0.9997
-
0.01%DOGE
$0.1996
+
0.78%TRX
$0.3017
-
0.12%ADA
$0.7431
+
4.56%HYPE
$49.19
+
3.49%XLM
$0.4967
+
24.76%SUI
$3.6327
+
6.43%LINK
$15.72
+
3.92%HBAR
$0.2446
+
24.03%BCH
$508.16
+
0.52%WBT
$46.15
+
0.26%AVAX
$21.35
+
2.10%LEO
$9.0320
-
0.51%SHIB
$0.0₄1344
+
1.96%- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars
Anthony Pompliano's ProCap BTC Buys $128M of Bitcoin in 2nd Straight Day of Purchases
ProCap BTC bought 1,208 BTC, bringing its total to 4,932, with plans to scale up to $1 billion in bitcoin.
What to know:
- ProCap BTC, LLC bought 1,208 BTC, taking its total holding 4,932 BTC.
- The company paid an average of $105,977 for each token.
- It plans to hold up to $1 billion in BTC by the time of its public listing.
ProCap BTC, the bitcoin-native financial services firm led by entrepreneur Anthony Pompliano, said it bought 1,208 bitcoin
just one day after announcing a $385 million purchase of the largest cryptocurrency.The company said it paid an average of $105,977 for each token, pricing the transaction at $128 million. With this move, the company now holds a total of 4,932 bitcoin, which recently reclaimed $108,000.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The acquisition comes two days after ProCap BTC announced its intention to go public through a $1 billion business combination with Columbus Circle Capital Corp. (CCCM). Upon completion, the company will be renamed ProCap Financial, Inc.
The bitcoin buying spree underlines ProCap’s strategic commitment to steadily build up its stock of BTC. By immediately deploying capital raised at signing, the firm has delivered instant bitcoin exposure to equity investors, reinforcing its bitcoin-centric investment thesis.
ProCap has said it views bitcoin not just as an asset but as a core financial benchmark, which it refers to as “the new hurdle rate.” The company has signaled it will continue buying bitcoin as part of its balance sheet strategy and expects to hold up to $1 billion in BTC by the time of the public listing.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
James Van Straten
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin's role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin and Strategy (MSTR).
AI Boost
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk's AI Policy.
Top Stories
