Anthony Pompliano’s Bitcoin treasury company, ProCap BTC, has officially closed its SPAC merger with Columbus Circle Capital, marking a major milestone for one of the most outspoken advocates of institutional Bitcoin adoption.
The deal brings ProCap onto the public markets, giving the firm fresh capital and broader investor access as it expands its mission of helping corporations shift portions of their treasuries into Bitcoin. The merger also positions the company among a growing class of digital-asset treasury managers betting that Bitcoin will become a standard balance-sheet asset for global companies.
Pompliano, long known for pushing the “Bitcoin as a treasury reserve” narrative, says the public listing strengthens ProCap’s ability to serve institutions seeking a hedge against currency debasement, inflation pressures and rising macro volatility. Analysts note that the move comes at a time when corporate crypto adoption is accelerating, supported by clearer U.S. regulations and renewed digital-asset demand.
Market watchers expect ProCap to use its expanded platform to grow its advisory services, acquire strategic Bitcoin holdings and broaden its reach among publicly listed firms exploring digital-asset exposure. While SPAC activity has cooled in recent years, the merger signals that investor appetite for Bitcoin-centric financial vehicles is far from fading.
ProCap’s debut now sets up a new phase in the institutional Bitcoin race, one where treasury allocation, not just investment speculation, becomes the next battleground.
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