menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Anthony Po...
source image

Coindoo

3w

read

205

img
dot

Image Credit: Coindoo

Anthony Pompliano Launches ProCap Financial in $1 Billion Merger, Secures Record Bitcoin Treasury Fundraise

  • Anthony Pompliano launched ProCap Financial in a $1 billion merger to create a new entity focusing on holding Bitcoin.
  • The merger has raised over $750 million, the largest initial fundraise in history for a public Bitcoin treasury company.
  • Funds raised include $516.5 million in equity and $235 million in convertible notes, with a strategic objective to acquire Bitcoin for revenue generation.
  • Equity investors will gain immediate exposure to Bitcoin through the financing transactions.
  • Columbus Circle Capital Corp. I, a SPAC sponsored by Cohen & Company Inc., will aid in making ProCap Financial public.
  • Leading institutional and Bitcoin-native investors participated in the financing, including Magnetar Capital, Woodline Partners LP, and others.
  • Notable industry figures like Mark Yusko and Jason Williams were part of the venture, demonstrating a growing institutional interest in Bitcoin.

Read Full Article

like

12 Likes

For uninterrupted reading, download the app