Anthony Pompliano To Lead New Bitcoin-Buying Entity Aiming To Raise $750M

Major Crypto Investor Eyes $750M Raise Through ProCapBTC And SPAC Merger.

Crypto entrepreneur Anthony Pompliano is reportedly preparing to launch a new Bitcoin acquisition entity targeting a $750 million raise.

Pompliano is expected to take on the role of CEO at ProCapBTC, a Special Purpose Acquisition Company (SPAC) that plans to merge with Columbus Circle Capital 1, a publicly listed blank check firm, according to the Financial Times.

Pending final agreement, ProCapBTC is set to raise $500 million in equity funding and $250 million through convertible debt as part of its merger with Columbus Circle Capital 1. The vehicle is backed by investment banking firm Cohen & Company.

Sources cited by the Financial Times suggest that the merger deal could be announced as early as next week, although final terms have yet to be confirmed.

Major Investment Bank Behind Deal

Columbus Circle Capital 1 is a SPAC designed to execute mergers, asset purchases, reorganizations, or similar business combinations with operating companies.

The firm secured $250 million during its initial public offering in May 2025, with backing from Cohen & Company Capital Markets (CCM), a division of JVB Financial Group, Cohen & Company’s broker-dealer subsidiary.

Cohen & Company, listed on the New York Stock Exchange, specializes in expanding capital markets and asset management services. In recent years, the firm has increased its activity in the digital asset space, offering audits, tax services, and advisory work related to cryptocurrency markets, ICOs, DeFi protocols, NFTs, and crypto exchanges.

Pompliano Leads Fintech-Focused SPAC, ProCap Acquisition

The new venture follows Pompliano’s leadership of ProCap Acquisition, a fintech-focused SPAC that launched on Nasdaq in April.

ProCap’s units, trading under the ticker PCAPU, began trading after its IPO closed on May 21, raising $250 million through the sale of 25 million units at $10 each.

Since the beginning of June, PCAPU shares have shown notable gains, climbing from $10.60 on June 1 to $11.40 by Tuesday. The stock closed at $11.30 on Thursday, based on TradingView data.