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Pompliano’s Crypto Firm ProCap Acquires Its First 3,724 BTC Amid Booming Corporate BTC Adoption

  • ProCap BTC, a Bitcoin-native financial services firm founded by Anthony Pompliano, acquired 3,724 Bitcoins at an average price of $103,785.
  • The Bitcoin purchase is valued at around $384 million, providing exposure to the cryptocurrency's price for future shareholders.
  • ProCap plans to invest up to $1 billion in Bitcoin after finalizing a SPAC deal with Columbus Circle Capital Corp.
  • The company raised over $750 million through equity and debt sales, marking a significant initial fundraise for a public bitcoin treasury company.
  • ProCap's move to acquire Bitcoin follows a trend among public companies, with notable examples like Trump Media and GameStop adding Bitcoin to their balance sheets.
  • According to Bitcoin Treasuries data, 136 public companies globally hold 835,053 Bitcoins worth $85 billion, with Michael Saylor's Strategy leading with 592,345 BTC.
  • Bitcoin was trading around $106,128 at the time of publication, marking a 3.6% increase in the last day.

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