Anthony Poseliano, an influencer and podcast host on digital assets, should become CEO of ProCapBTC, a new investment vehicle aimed at acquiring large amounts of bitcoin
According to the Financial Times, which cited three families with the talks.
Under the proposed agreement, ProcapBTC plans to raise $ 750 million, $ 500 million in equity and $ 250 million in convertible debt, in a merger with Columbus Circle Capital 1, an acquisition company for special purposes (SPAC) supported by Cohen & Company, said FT.
An agreement could be announced next week, although negotiations are still underway and the last uncertain terms.
The purchase of Bitcoin has become an increasingly popular cash strategy, with 126 listed companies now holding nearly 820,000 Bitcoin, according to BitcoinTareries.net. Strategy (MSTR), the software manufacturer of which the executive president Michael Saylor has launched the approach now holds $ 61 billion in BTC. If all the $ 750 million in ProCAPTC were spent for Bitcoin, it would rank just outside the first 10 holders of the largest cryptocurrency.
This decision reflects a renewal of enthusiasm on the cryptographic markets following the election of American president Donald Trump, who declared on Thursday that it was an “honor” to be considered a pro-Crypto president. The relaxation of rules by its administration governing industry has prompted a number of companies to consider selling stocks to the public. Last week, Stablecoin Circle (CRCL) issued 168% on his first day of negotiation and the bullish supported by Peter Thiel, would continue an IPO. The Haussier group is the parent of Coindesk and the Haussier exchange.
Poseliano refused to comment on the FT, and Cohen & Company did not respond to his request for comments.
