Anthony Pompliano is reportedly launching a new Bitcoin-buying vehicle named ProCapBTC, which aims to raise $750 million in equity and convertible debt through a merger with Columbus Circle Capital 1, as noted by the Financial Times. Pompliano is expected to serve as CEO of this Special Purpose Acquisition Company (SPAC). The funding structure includes $500 million in equity and $250 million in convertible debt. This merging activity is anticipated to be announced shortly, though the final terms remain in discussion. Columbus Circle Capital 1 is a blank check entity designed for mergers and acquisitions and was recently funded through an initial public offering led by Cohen & Company, which has been actively involved in the cryptocurrency and digital asset sectors. Additionally, Pompliano’s previous venture, ProCap Acquisition, recently debuted on the Nasdaq and secured $250 million in gross proceeds through its IPO, showing a spike in stock value recently. However, as of the article's publication, Pompliano had not publicly confirmed the merger details.

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