INSUBCONTINENT EXCLUSIVE:
Anthony Pompliano has raised $750 million to take his crypto firm, ProCap, public in the US by merging with the blank-check firm Columbus
Circle Capital Corp.The combined companies will debut as ProCap Financial Inc
with $1 billion in Bitcoin (BTC) on its balance sheet after the merger, which is expected to close before the end of this year, the
bitcoin for its balance sheet, while also developing products and services to produce revenue and profit from the bitcoin on our balance
public.ProCap Financial raises $750 millionProCap and Columbus said they raised over $750 million for the deal, pulling in $516.5 million in
equity and $235 million in convertible notes.The raise was backed by the likes of crypto brokerage FalconX, crypto financial services firm
Blockchain.com and Eric Semler, the chair of medical company and Bitcoin-buying firm Semler Scientific, among others.ProCap to join list of
Bitcoin-buying companiesProCap Financial will join dozens of public companies that have bought and hold Bitcoin, a model inspired by
software firm Strategy, formerly known as MicroStrategy, which has the largest Bitcoin holdings of any company at 592,345 BTC worth $62.3
knocking down current spot holder Coinbase, which has 9,267 BTC worth nearly $974 million, per Bitbo data.The public firms with the largest
Bitcoin holdings include game retailer GameStop, which started buying Bitcoin last month
quickly go public as market appetite is seemingly ready to eat up crypto-related and adjacent offerings.Twenty One Capital, a
Bitcoin-focused markets infrastructure firm led by Strike founder Jack Mallers, also plans to soon go public via a SPAC merger with Cantor
earlier this month it too would go public via a reverse merger with the Nasdaq-listed toy maker SRM Entertainment, which would change its
and invest $210 million into the Tron (TRX) token.The slated public companies are hoping to ride on the success of stablecoin issuer Circle
