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Anthony Pompliano plans to launch Bitcoin investment vehicles and aims to raise $750 million.
On June 13, according to the Financial Times, crypto entrepreneur Anthony Pompliano is reportedly planning to launch a new Bitcoin investment vehicle, aiming to raise $750 million. Pompliano is expected to serve as the CEO of ProCapBTC. ProCapBTC is a special purpose acquisition company (SPAC) that plans to merge with the publicly listed Columbus Circle Capital 1. Under Anthony Pompliano’s leadership (discussions are still ongoing), ProCapBTC is expected to seek to raise $500 million in equity financing and $250 million in convertible debt through the merger with Columbus Circle Capital 1. Columbus Circle Capital 1 is supported by investment bank Cohen & Company. This ProCapBTC deal could be announced as soon as next week, but specific terms have not yet been finalized.