Influencer Pompliano's 'ProCap' Raises $750 Million for SPAC Merger Listing

The company 'ProCap', operated by prominent cryptocurrency influencer Anthony Pompliano, is set to go public on the U.S. market. During this process, it is reported to have raised $750 million.

According to crypto-specialized media outlet Cointelegraph on the 23rd (local time), Anthony Pompliano announced on X (formerly Twitter) that "ProCap has raised approximately $750 million for a SPAC merger listing with Columbus Circle Capital Corp."

It is reported that participants in this funding round included FalconX, Blockchain.com, and Semler Scientific.

Once the SPAC merger is completed, ProCap will launch under the name ProCap Financial, and plans to add about $1 billion worth of Bitcoin (BTC) to its balance sheet after listing. This would make it the company with the eighth largest Bitcoin holdings among public companies at this time.

Cointelegraph assessed that "following the recent successful IPO of Circle Internet Group, a number of crypto companies are pursuing public listings via SPAC IPOs."