Anthony Poseliano takes its native financial platform Bitcoin Procap BTC Public thanks to a merger of $ 1 billion with Columbus Circle Capital Corp. I (CCCM), a special acquisition company (SPAC) sponsored by a subsidiary of Cohen & Company.
The transaction, announced on Monday, positions the new entity, Procap Financial, Inc., as one of the greatest vouchers in Bitcoin to have reached public contracts.
In what is called the largest fundraising fundraising for public bitcoin
Treasury Company to date, Procap has raised $ 550 million in privileged shares and has obtained $ 225 million in convertible tickets, giving future shareholders an immediate exposure to Bitcoin thanks to a structure designed to acquire the BTC before the closure of the agreement.
Directed by Pompliano, a well -known investor and Bitcoin vocal lawyer, Procap aims to operate at the intersection of digital assets and traditional finances.
The company plans to generate profits not only by holding BTC, but actively deploying its Bitcoin assessment through the generating performance strategies that mitigate risks and capitalize on crypto-financial infrastructure.
“The inherited financial system is disturbed by Bitcoin,” Poseliano said in a statement. “PROCAP Financial represents our solution to the growing demand for native Bitcoin financial services among sophisticated investors.”
The merger values the entity combined up to $ 1 billion, according to the Bitcoin final purchase price at the fence. The assets of the BTC de ProCap will be kept until the end of the transaction, giving investors an exposure close to the BTC without waiting for the company to be published public.
The transaction should end before the end of 2025, pending the SEC examination and the approval of the shareholders.
The Financial Times first indicated that Poseliano should become the CEO of Procap BTC and that the company planned to raise $ 750 million to acquire Bitcoin.
Find out more: Anthony Poseliano should lead $ 750 million Bitcoin Investment Vehicle: Ft
