New York – ProCap BTC LLC, a Bitcoin-native financial services firm founded by Anthony Pompliano, has announced an amendment to its business combination agreement with Columbus Circle Capital Corp I (Nasdaq: CCCM). This amendment, revealed on July 28, 2025, is designed to provide CCCM public shareholders with direct exposure to the price appreciation of the substantial Bitcoin holdings on ProCap BTC’s balance sheet. The move follows ProCap BTC's aggressive accumulation of the digital asset, now totaling 4,950 Bitcoin.
The firm currently holds 4,950 Bitcoin, valued at approximately $584,000,000 based on a Bitcoin price of $118,000. Anthony Pompliano, a prominent Bitcoin advocate, stated via social media, "ProCap BTC LLC holds 4,950 bitcoin on our balance sheet. That bitcoin is worth approximately $584,000,000 based on today's price of $118,000." He added, "After today's announcement, certain holders of $CCCM have exposure to any future price appreciation of the bitcoin on ProCap BTC's balance sheet."
This development stems from a previously announced $1 billion merger between ProCap BTC and CCCM, a Special Purpose Acquisition Company (SPAC), which will result in the formation of ProCap Financial. The merger, which raised over $750 million in initial funding, aims to establish a leading public Bitcoin treasury company with plans to hold up to $1 billion in Bitcoin. ProCap BTC has been actively acquiring Bitcoin since the merger announcement, with purchases including 3,724 BTC and an additional 1,208 BTC.
ProCap Financial, upon completion of the business combination, intends to be listed on Nasdaq. The company's strategy extends beyond merely holding Bitcoin; it plans to generate revenue and profits by actively deploying its Bitcoin balance sheet across various yield-generating strategies. This approach positions ProCap Financial as an innovator seeking to bridge traditional finance with the burgeoning digital asset space.
The amendment underscores a strategic shift to directly align the interests of CCCM public shareholders with the performance of ProCap BTC's significant Bitcoin treasury. This provides a unique opportunity for public market investors to gain direct exposure to Bitcoin's potential upside through a publicly traded entity, reflecting the growing institutional interest in digital assets.