ChainCatcher news, according to Globenewswire, American investor and entrepreneur Anthony Pompliano announced today that the Bitcoin-native financial services company ProCap BTC, LLC has purchased 1,208 bitcoins at a time-weighted average price (TWAP) of $105,977. As a result, the company's Bitcoin holdings on its balance sheet have reached 4,932 bitcoins.This acquisition is part of the company's ongoing Bitcoin purchasing program. The company quickly allocated the funds raised from the signed agreement to increase its Bitcoin holdings, allowing equity investors to gain exposure to Bitcoin assets from the outset of the financing. As a long-term strategy, the company will continue to increase its Bitcoin assets, and it is expected that when the business merger is completed, the value of Bitcoin holdings on ProCap Financial's balance sheet will reach $1 billion.

ChainCatcher news, according to GNW, Pomp Investments' ProCap purchased 3,724 bitcoins at a price of $103,780 each, totaling $386.5 million.

ChainCatcher news, according to Techinasia, cryptocurrency financial services company ProCap announced on June 23 that it plans to go public through a merger with special purpose acquisition company Columbus Circle Capital Corp. I. The merged company will be renamed ProCap Financial, with Pompliano serving as chairman, and plans to establish a Bitcoin reserve of up to $1 billion. Currently, the company has not disclosed specific revenue strategies.According to the chief legal advisor for the transaction, Constantine Karides, ProCap Financial plans to list on NASDAQ but still needs approval from the U.S. Securities and Exchange Commission.Previously, the company had received over $750 million in funding support from investors such as FalconX, Blockchain.com, and Off The Chain Capital.