Crypto entrepreneur and podcaster Anthony Pompliano has officially stepped into the big leagues with the launch of ProCap Financial, a Bitcoin-focused company aimed at acquiring and holding BTC as a primary treasury asset. The move signals Pompliano’s serious intent to go toe-to-toe with the likes of Michael Saylor and his company, Strategy.
$1 Billion SPAC Deal to Fuel Bitcoin Accumulation
On June 23, 2025, Pompliano announced that his company will go public via a $1 billion SPAC merger between his private firm ProCap BTC and Columbus Circle Capital Corp. The newly formed entity, ProCap Financial, will be listed on Nasdaq under the ticker CCCM.
So far, ProCap has secured $750 million in funding, with a plan to deploy $516.5 million into Bitcoin within the next two weeks. This fast-tracked approach is meant to reduce exposure to market volatility while positioning the firm with a strong BTC reserve right out of the gate.
Not Just Stacking Sats — Building Bitcoin-Based Revenue
Pompliano’s strategy goes beyond simply buying and holding Bitcoin. The firm plans to develop financial products and services that leverage the Bitcoin network, aiming to generate ongoing profits from its BTC treasury. According to Pompliano:
“ProCap Financial will focus on acquiring bitcoin for its balance sheet, while also developing products and services to produce revenue and profit from the bitcoin on our balance sheet over time.”
This dual-purpose approach could set ProCap apart from other corporate BTC holders, including Strategy, which currently holds 592,345 BTC — valued at over $60 billion.
A Growing Trend Among Corporate Treasuries
ProCap’s launch comes amid a wave of corporate Bitcoin adoption, especially following the election of a pro-crypto U.S. administration. Companies like GameStop, 21 Capital, and Nakamoto have joined the BTC treasury trend. In total, 216 public and private firms now collectively hold over 765,000 BTC, accounting for nearly 31% of Bitcoin’s circulating supply.
Michael Saylor, whose company is still the undisputed leader in BTC holdings, congratulated Pompliano on the move via X (formerly Twitter), suggesting that even among competitors, there’s a shared mission of Bitcoin advocacy.
