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Anthony Pompliano Set to Head $750M Bitcoin Investment Vehicle: FT
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By James Van Straten, AI Boost|Edited by Sheldon Reback
Jun 13, 2025, 9:10 a.m.
- Anthony Pompliano is set to become CEO of ProCapBTC, which plans to raise $750 million to acquire bitcoin, according to the Financial Times.
- ProCapBTC’s proposed deal includes $500 million in equity and $250 million in convertible debt in a merger with a SPAC backed by Cohen & Company.
- The move comes amid renewed enthusiasm in crypto markets following U.S. President Donald Trump’s pro-crypto stance and regulatory easing.
Anthony Pompliano, a digital assets influencer and podcast host, is set to become CEO of ProCapBTC, a new investment vehicle aiming to acquire large amounts of bitcoin
, according to theFinancial Times, which cited three people familiar with the talks.
Under the proposed deal, ProCapBTC plans to raise $750 million, $500 million in equity and $250 million in convertible debt, in a merger with Columbus Circle Capital 1, a special purpose acquisition company (SPAC) backed by Cohen & Company, the FT said.
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A deal could be announced as early as next week, although negotiations are still in progress and final terms uncertain.
Bitcoin buying has become an increasingly popular treasury strategy, with 126 publicly traded companies now holding almost 820,000 bitcoin, according to BitcoinTreasuries.net. Strategy (MSTR), the software maker whose Executive Chairman Michael Saylor pioneered the approach now holds $61 billion worth of BTC. If all ProCapBTC’s $750 million was spent on bitcoin, it would rank just outside the top 10 holders of the largest cryptocurrency.
The move reflects renewed enthusiasm in crypto markets following the election of U.S. President Donald Trump, who on Thursday said it’s an “honor” to be considered a pro-crypto president. His administration’s easing of rules governing the industry has prompted a number of companies to consider selling shares to the public. Last week, stablecoin issuer Circle (CRCL) rose 168% on its first day of trading and the Peter Thiel-backed Bullish, is reportedly pursuing an IPO. Bullish Group is the parent of both CoinDesk and Bullish Exchange.
Pompliano declined to comment to the FT, and Cohen & Company did not respond to its request for comment.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin and Strategy (MSTR).
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
