Anthony Pompliano’s ProCap Appears Better Than Peers Based on the BTC HODLer's Own Data

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Anthony Pompliano's ProCap, precocious shared an update connected its advancement and valuation metrics. ProCap has entered into a $1 cardinal concern operation statement with Columbus Circle Capital Corp 1 (CCCM).

As portion of the deal, ProCap has raised implicit $750 cardinal and already deployed much than $500 cardinal to acquisition bitcoin (BTC), amassing a treasury of 4,950 BTC. This makes ProCap, the 13th largest nationalist holder of bitcoin globally.

The information and investigation presented by Pompliano comes straight from ProCap and notation to implied aggregate Net Asset Value (mNAV) premiums.

According to ProCap’s analysis, the company’s banal is presently trading astatine the lowest implied mNAV premium among a radical of bitcoin treasury companies, astatine 1.3x, compared to peers similar Cantor Equity Partners (CEP) astatine 2.2x. This debased mNAV aggregate suggests ProCap BTC LLC could beryllium undervalued comparative to different bitcoin treasury firms.

A important diagnostic of the projected concern operation is the redemption close for CCCM shareholders. Investors who clasp CCCM banal arsenic of the grounds day for the peculiar gathering to o.k. the concern operation volition person the close to redeem their shares for the currency held successful trust.

As of the closing of CCCM’s archetypal nationalist offering successful May, this pro rata spot worth is anticipated to beryllium astir $10 per share. The maximum nonaccomplishment for investors is astir 55 cents per stock if the spot worth holds astatine astir $10 according to Pompliano.

However, if ProCap implied mNAV premium rises to lucifer that of Cantor Equity Partners (2.2x), the post-deal banal terms could scope astir $17.82 per share.

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