Crypto entrepreneur and podcast host Anthony Pompliano is reportedly in talks to launch a new Bitcoin fund that, if launched, would provide indirect access to Bitcoin to more institutional investors.
The vehicle, which will be called ProCapBTC, will be headed up by Pompliano himself in the role of CEO. However, his position at the leadership of the vehicle is currently under debate, according to the Financial Times.
ProCapBTC, on the other hand, intends to complete a combination with Columbus Circle Capital 1, a blank-check company that went public with support from the investment bank Cohen & Company.
The proposed raise would be $500 million in equity and $250 million in convertible debt, with an announcement potentially coming next week.
Columbus Circle Capital 1 is a newly incorporated blank check company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with a high-growth technology, industrial, or consumer company.
It pulled in $250 million in its May 2025 IPO underwritten by Cohen & Company Capital Markets (CCM), a unit of JVB Financial Group.
NYSE-listed Cohen & Company is increasingly involved in the cryptocurrency sector, providing tax, audit, and advisory services related to digital assets, DeFi, NFTs, and cryptocurrency exchanges.
Pompliano is a vocal Bitcoin proponent who already leads a fintech-focused special purpose acquisition company (SPAC), ProCap Acquisition, which went public on the Nasdaq in April. That entity raised $250 million in its initial public offering (IPO) and trades under the ticker symbol PCAPU.
Shares of PCAPU advanced in June, opening at $10.60 on June 1 and rising to $11.40 by the beginning of this week, but settled at $11.42 on June 13.
Anthony Pompliano eyes a $750M Bitcoin SPAC merger first appeared on TheStreet on Jun 13, 2025
