Prominent U.S. investor and entrepreneur Anthony Pompliano has announced the formation of a new bitcoin treasury company that aims to hold up to $1 billion worth of the world’s largest cryptocurrency on its balance sheet.
In a statement released Monday, Pompliano revealed that his financial services firm, ProCap BTC, will merge with Columbus Circle Capital I — a special purpose acquisition company to form ProCap Financial, a dedicated bitcoin treasury firm.
The move comes amid renewed interest in bitcoin as an asset class for institutional balance sheets. Public companies such as MicroStrategy, which began aggressively accumulating bitcoin in 2020, have pioneered this strategy. MicroStrategy now holds over $63 billion in bitcoin, prompting other firms to consider similar approaches.
Pompliano’s new venture sets itself apart by aiming not just to hold bitcoin, but to actively generate revenue from its digital asset reserves through lending, derivatives, and other financial instruments. He described the model as a modern twist on the traditional treasury strategy — one that leverages bitcoin’s value for profit generation.
“This is a pivotal moment,” Pompliano said. “The legacy financial system is being disrupted by bitcoin right before our eyes. Our objective is to build a platform that not only acquires bitcoin but creates risk-managed, revenue-generating opportunities from those holdings.”
The venture has already secured significant capital commitments — $500 million in equity and an additional $250 million via a convertible note — in what Pompliano described as the largest initial raise in history for a bitcoin treasury-focused company.
Institutional backers reportedly include heavyweights such as Citadel, Susquehanna, Jane Street, and Magnetar, alongside major crypto players like Pantera, Parafi, Off the Chain Capital, Coinfund, Blockchain.com, and FalconX.
The announcement also comes at a time of shifting political dynamics around cryptocurrency in the U.S., with former President Donald Trump recently voicing support for establishing a strategic bitcoin reserve as part of a broader pro-crypto policy overhaul.
With ProCap Financial, Pompliano appears to be positioning himself at the forefront of this evolving landscape — combining crypto conviction with Wall Street-style financial structuring to usher in what he sees as the next phase of bitcoin adoption.
