Procap BTC, a cryptocurrency financial service company founded by investor Anthony Pose-Pose, has not waste time to put new money at work.
Less than 24 hours after revealing a fusion of $ 1 billion with Columbus Circle Capital Corp. (CCCM) and a separate capital increase of $ 775 million, the company increased 3,724 bitcoin
At an average weighted price of $ 103,785 per room.
The purchase is launching a cash program that could inflate $ 1 billion in Bitcoin once the SPAC transaction ends and the company combined, to be called a financial procap, lists on the NASDAQ.
This occurs after the company revealed that it had raised $ 550 million thanks to a favorite equity offer and an additional $ 225 million in convertible tickets. If the company was already listed on the stock market, it would be classified as the 14th largest BTC holder among listed companies, just below semler scientific, according to bitcointareries.com.
Propcap BTC argued that Bitcoin is now the new “obstacle rate” for the deployment of capital. “If you can’t beat it, you have to buy it,” he said in a press release.
The company plans to take advantage of its Bitcoin in performance generating strategies.
