Latest news with #ColumbusCircleCapital
Yahoo
09-07-2025
- Business
- Yahoo
Anthony Pompliano's ProCap Appears Better Than Peers Based on the BTC HODLer's Own Data
Anthony Pompliano's ProCap, recently shared an update on its progress and valuation metrics. ProCap has entered into a $1 billion business combination agreement with Columbus Circle Capital Corp 1 (CCCM). As part of the deal, ProCap has raised over $750 million and already deployed more than $500 million to purchase bitcoin (BTC), amassing a treasury of 4,950 BTC. This makes ProCap, the 13th largest public holder of bitcoin globally. The data and analysis presented by Pompliano comes directly from ProCap and refer to implied multiple Net Asset Value (mNAV) premiums. According to ProCap's analysis, the company's stock is currently trading at the lowest implied mNAV premium among a group of bitcoin treasury companies, at 1.3x, compared to peers like Cantor Equity Partners (CEP) at 2.2x. This low mNAV multiple suggests ProCap BTC LLC could be undervalued relative to other bitcoin treasury firms. A significant feature of the proposed business combination is the redemption right for CCCM shareholders. Investors who hold CCCM stock as of the record date for the special meeting to approve the business combination will have the right to redeem their shares for the cash held in trust. As of the closing of CCCM's initial public offering in May, this pro rata trust value is anticipated to be about $10 per share. The maximum loss for investors is approximately 55 cents per share if the trust value holds at around $10 according to Pompliano. However, if ProCap implied mNAV premium rises to match that of Cantor Equity Partners (2.2x), the post-deal stock price could reach about $17.82 per beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
26-06-2025
- Business
- Yahoo
Anthony Pompliano's ProCap BTC Buys $128M of Bitcoin in 2nd Straight Day of Purchases
ProCap BTC, the bitcoin-native financial services firm led by entrepreneur Anthony Pompliano, said it bought 1,208 bitcoin BTC just one day after announcing a $385 million purchase of the largest cryptocurrency. The company said it paid an average of $105,977 for each token, pricing the transaction at $128 million. With this move, the company now holds a total of 4,932 bitcoin, which recently reclaimed $108,000. The acquisition comes two days after ProCap BTC announced its intention to go public through a $1 billion business combination with Columbus Circle Capital Corp. (CCCM). Upon completion, the company will be renamed ProCap Financial, Inc. The bitcoin buying spree underlines ProCap's strategic commitment to steadily build up its stock of BTC. By immediately deploying capital raised at signing, the firm has delivered instant bitcoin exposure to equity investors, reinforcing its bitcoin-centric investment thesis. ProCap has said it views bitcoin not just as an asset but as a core financial benchmark, which it refers to as 'the new hurdle rate.' The company has signaled it will continue buying bitcoin as part of its balance sheet strategy and expects to hold up to $1 billion in BTC by the time of the public listing. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNA
23-06-2025
- Business
- CNA
Anthony Pompliano's crypto venture ProCap Financial to go public via SPAC deal
Anthony Pompliano's crypto venture ProCap Financial will go public in the U.S. through a merger with blank-check vehicle Columbus Circle Capital Corp, the American entrepreneur said on Monday. The combined company will have bitcoin worth up to $1 billion on its balance sheet. The transaction is expected to close before the end of 2025.
Zawya
23-06-2025
- Business
- Zawya
US investor strikes $1bln merger to create bitcoin treasury company
U.S. investor and entrepreneur Anthony Pompliano announced on Monday the creation of a new bitcoin treasury company that would hold up to $1 billion of the world's largest cryptocurrency on its balance sheet. Pompliano said in a statement that his financial services firm ProCap BTC would merge with Columbus Circle Capital I, a special purpose acquisition company, to create ProCap Financial, a bitcoin treasury firm. Several public companies have employed bitcoin treasury strategies, which involves allocating a portion of their cash and reserves toward bitcoin, to replicate the success of software company Strategy, which began accumulating bitcoin in 2020 and now holds more than $63 billion worth of the digital token. The trend comes as U.S. President Donald Trump has sought to overhaul cryptocurrency policy, including calls to establish a strategic bitcoin reserve, after courting cash from the industry on the campaign trail. Pompliano, one of the biggest investors in the crypto space over the last several years, said ProCap BTC has raised $500 million in equity and $250 million in a convertible note, in what he termed the largest initial fundraising in history for a bitcoin treasury company. Unlike traditional bitcoin treasury companies, Pompliano said ProCap Financial would use its bitcoin balance sheet to generate revenue and profit through a variety of strategies, including lending, derivatives, and other products and services. He also said leading institutional investors Citadel, Susquehanna, Jane Street, and Magnetar have committed capital, as have crypto firms Off the Chain Capital, Pantera, Coinfund, Parafi, and FalconX. Reuters was unable to verify whether these companies were investing in ProCap Financial. "The legacy financial system is being disrupted by bitcoin right before our eyes," Pompliano said. "Our objective is to develop a platform that will not only acquire bitcoin for our balance sheet, but will also implement risk-mitigated solutions to generate sustainable revenue and profits from our bitcoin holdings."
Yahoo
23-06-2025
- Business
- Yahoo
US investor strikes $1 billion merger to create bitcoin treasury company
By Gertrude Chavez-Dreyfuss BOSTON (Reuters) -U.S. investor and entrepreneur Anthony Pompliano announced on Monday the creation of a new bitcoin (BTC-USD) treasury company that would hold up to $1 billion of the world's largest cryptocurrency on its balance sheet. Pompliano said in a statement that his financial services firm ProCap BTC would merge with Columbus Circle Capital I, a special purpose acquisition company, to create ProCap Financial, a bitcoin treasury firm. Several public companies have employed bitcoin treasury strategies, which involves allocating a portion of their cash and reserves toward bitcoin, to replicate the success of software company Strategy, which began accumulating bitcoin in 2020 and now holds more than $63 billion worth of the digital token. The trend comes as U.S. President Donald Trump has sought to overhaul cryptocurrency policy, including calls to establish a strategic bitcoin reserve, after courting cash from the industry on the campaign trail. Pompliano, one of the biggest investors in the crypto space over the last several years, said ProCap BTC has raised $500 million in equity and $250 million in a convertible note, in what he termed the largest initial fundraising in history for a bitcoin treasury company. Unlike traditional bitcoin treasury companies, Pompliano said ProCap Financial would use its bitcoin balance sheet to generate revenue and profit through a variety of strategies, including lending, derivatives, and other products and services. He also said leading institutional investors Citadel, Susquehanna, Jane Street, and Magnetar have committed capital, as have crypto firms Off the Chain Capital, Pantera, Coinfund, Parafi, and FalconX. Reuters was unable to verify whether these companies were investing in ProCap Financial. "The legacy financial system is being disrupted by bitcoin right before our eyes," Pompliano said. "Our objective is to develop a platform that will not only acquire bitcoin for our balance sheet, but will also implement risk-mitigated solutions to generate sustainable revenue and profits from our bitcoin holdings." By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy
