Anthony Pompliano, a digital assets influencer and podcast host, is set to be the CEO of ProcapBTC, a new investment vehicle aimed at gaining a huge amount of bitcoin
According to Financial periodsciting three people who are familiar with the conversations.
Under the suggested deal, ProcapBTC plans to raise $ 750 million, $ 500 million in equity and $ 250 million in convertible debt, with a integration with the Columbus Circle Capital 1, a special purpose of getting the company (SPAC) supported by Cohen & Company, FT said.
A deal can be expressed early next week, even if the negotiations are still emerging and the final terms are unsure.
The purchase of bitcoin has become a more popular approach to the ark, with 126 companies that have been publicly exchanged with now holding about 820,000 Bitcoin, according to Bitcointreasuries.net. Strategy (MSTR), software manufacturer that Executive Chairman Michael Saylor is pioneering the approach now holds $ 61 billion worth of BTC. If all $ 750 million of ProcapBTC were spent on Bitcoin, it would only rank out of the top 10 holders of the largest cryptocurrency.
The move reflects the revised enthusiasm in the crypto markets following the election of US President Donald Trump, who on Thursday said it was a “honor” considered a pro-crypto president. His administration’s emergence on the policies governing the industry has motivated a number of companies to consider the sale of public shares. Last week, Stablecoin Issuer Circle (CRCL) rose 168% First day of trading and the Peter Thiel-back Bullishhas been reported to be pursuing an IPO. The bullish group is the parent of both Coindesk and Bullish Exchange.
Pompliano refused to comment on FT, and Cohen & Company did not respond to his request for comment.
