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ProCapBTC, to Be Led By Anthony Pompliano, Aims to Raise $750m: FT
Financial Times said in its most recent report that Anthony Pompliano, a world popular crypto entrepreneur, is reportedly in talks to launch a new Bitcoin buying vehicle that intends to raise $750 million.
The entrepreneur is expected to be the Chief Executive Officer of ProCapBTC, says the FT report, further noting that this special purpose company is set to merge with Columbus Circle Capital 1.
Yet to be launched, ProCapBTC under Anthony’s leadership will aim to raise $250 million in convertible debt as the merger and would also raise $500 million in equity.
FT also notes that the deal of ProCapBTC is expected to be announced in the next week; however terms are yet to be finalized.
Will ProCapBTC threaten MicroStrategy’s spot of holding most BTCs?
Following the news, the debate has been sparked over whether ProCapBTC will threaten MicroStrategy’s spot as holding the highest Bitcoin.
Some experts say that there are higher chances for ProCapBTC to surpass MSTR in terms of holdings, yet others say that there are fewer chances of it surpassing the now biggest Bitcoin corporate holder.
As of June 09, 2025, Strategy (now MicroStrategy) holds 582,000 BTC valued at around $30.13 billion. When writing, Bitcoin was trading at $105,032 with a decline of 1.81% in the past 24 hours.
It is noteworthy that after the involvement of companies like GrayScale, MSTR, Metaplanet, and K33 in Bitcoin buying has fueled the wider adoption of Bitcoin and has also helped its prices to test new heights.
Bitcoin is becoming common in mainstream finance
Over the past few years, Bitcoin has become one of the most discussed investment assets, and with this hype, nations, regulators, agencies, institutions, and individuals have started identifying it as a mode of payment.
After the historic victory of Donald Trump in his 2nd term, he signed several orders favoring the growth of cryptocurrencies; with his positive attitude, other leaders praised BTC
Also, the knowledge and understanding about digital worldwide has increased, and some data states that the total number of people using Bitcoin has exceeded 600 million in a shorter period than the internet.
Some of the common investors even term Bitcoin as digital gold and might reach around 1 million in value in the coming times. Also, the approval of the BTC spot ETF in 2024 has played a vital role in the surge in adoption of Bitcoin.
Crypto market price updates
According to data from CoinMarketCap, the crypto market capitalization has reached $3.27 trillion with a loss of 2.51%, and the market capitalization is $172.76 billion with a slight surge of 29.04%.
Intraday losers are SPX6900, followed by Fartcoin, Celestia, Virtuals Protocol, Dogwifhat, Lido DAO, Pepe, and Bonk. On the other hand, the gainers are AB, UNUS SED LEO, PAX Gold, Tether Gold, and Tron.