Anthony Pompliano to lead new Bitcoin-buying group raising $750M: FT

Cryptocurrency entrepreneur Anthony Pompliano is reportedly successful talks to motorboat a caller Bitcoin-buying conveyance that volition question to rise $750 million.

Pompliano is expected to go CEO of ProCapBTC, a Special Purpose Acquisition Company (SPAC) that is acceptable to merge with the publically traded blank cheque conveyance Columbus Circle Capital 1, the Financial Times reported connected June 13.

Under Pompliano’s leadership, which is inactive nether discussion, ProCapBTC would question to rise $500 cardinal successful equity and $250 cardinal successful convertible indebtedness arsenic portion of a merger with Columbus Circle Capital 1, backed by the Cohen & Company concern bank.

According to the FT’s sources, the ProCapBTC woody could perchance beryllium announced arsenic soon arsenic adjacent week, but its presumption are not yet finalized.

Major concern slope down the deal

Columbus Circle Capital 1 is simply a blank cheque institution formed with the intent of effecting a merger, stock speech and purchase, plus acquisition, reorganization oregon akin concern operation with 1 oregon much businesses.

In May 2025, Columbus Circle raised $250 cardinal successful an archetypal nationalist offering sponsored by Cohen & Company Capital Markets (CCM), a part of Cohen & Company’s broker-dealer subsidiary, JVB Financial Group.

Cohen & Company is simply a publically traded concern slope trading connected the New York Stock Exchange, focused connected expanding the scope of superior markets and plus absorption services. 

The slope has been progressive successful the crypto and integer plus manufacture implicit the past fewer years, providing audits, taxation and advisory services related to crypto assets, archetypal coin offerings, decentralized finance, non-fungible tokens and integer plus exchanges.

Pompliano leads fintech-focused SPAC, ProCap Acquisition

The quality follows Pompliano’s leadership of ProCap Acquisition, a fintech-focused SPAC that debuted connected the Nasdaq successful April.

ProCap’s shares (PCAPU) started trading soon aft its upsized IPO closed connected May 21, raising $250 cardinal successful gross proceeds done the merchantability of 25 cardinal units astatine $10 per unit.

PCAPU shares person seen a notable spike successful June, surging from $10.6 connected June 1 to $11.4 connected June 10. The banal closed astatine $11.3 connected June 13, according to information from TradingView.

ProCap Acquisition (PCAPU) stock terms illustration since launch. Source: TradingView

Pompliano did not corroborate the reported SPAC merger connected societal media by publishing time. Cointelegraph approached Pompliano for remark regarding the merger but did not person a effect astatine the clip of publication.

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