Anthony Pompliano's ProCap Goes All In: Snags $387M in Bitcoin Just Hours After $1B SPAC Deal

Anthony Pompliano didn't even let the ink dry on his $1 billion SPAC deal before making a monster move. In a lightning-fast play, his company ProCap snapped up a whopping 3,724 Bitcoins, locking in big gains for investors before the market could even react.

Yeah, you heard that right. On June 24, Pompliano's crew at ProCap BTC, LLC went on a buying spree, snagging those Bitcoins at an average price of $103,785 each. And get this—they did it less than 24 hours after inking that massive $1 billion SPAC deal with Columbus Circle Capital Corp. Talk about moving at warp speed!

This bold move cost them a cool $387 million, but they had the cash ready to go, thanks to a $750 million capital raise that was part of the SPAC deal. And they're not stopping there. The newly formed company plans to keep every single one of those Bitcoins on its balance sheet and keep on stacking more, even after it transforms into ProCap Financial, Inc.—a publicly traded powerhouse all about institutional-grade Bitcoin services.

Anthony Pompliano’s Billion-Dollar Bet on the New Institutional Standard

For Pompliano and his team, this isn't just about looking good—it's about believing in the future. They're not just buying and holding $387 million worth of Bitcoin for show; they're doing it because they're dead set on this long-term strategy.

In their public statements and SEC filings, ProCap made it crystal clear: they see Bitcoin as more than just another asset. It's the new benchmark, the minimum standard for where to put your money. "Bitcoin is the new hurdle rate," they declared, showing they're all in on the idea that this cryptocurrency is the real deal, not just some risky gamble.

By loading up their treasury with millions in Bitcoin instead of sitting on idle cash, ProCap is breaking away from the old, boring ways of traditional finance. They're diving headfirst into Bitcoin as the foundation of their financial strategy.

And this isn't just talk. Since 2020, companies holding Bitcoin on their balance sheets have been crushing it, leaving their cash-heavy competitors in the dust. Take Strategy, for example—they saw their stock skyrocket over 3,000% at one point, and it wasn't because of their main business. Nope, it was all thanks to their Bitcoin stash.

Now, ProCap is taking that same playbook and cranking it up a notch. They're not just hoarding Bitcoin; they're building a whole financial empire around it. Buckle up, because this is just the beginning!