Anthony Pompliano, a prominent digital assets entrepreneur and podcast host, is reportedly set to become CEO of ProCapBTC, a new investment firm aiming to acquire large amounts of Bitcoin. ProCapBTC plans to raise $750 million by merging with Columbus Circle Capital 1, a special purpose acquisition company (SPAC) backed by investment firm Cohen & Company. JUST IN: 🇺🇸 Anthony Pompliano in talks to lead public firm seeking $750 million to buy #Bitcoin: Financial Times pic.twitter.com/aIN2obsbDb — Bitcoin Magazine (@BitcoinMagazine) June 13, 2025 The funding breakdown includes $500 million in equity and $250 million in convertible debt. Sources close to the matter indicate that the deal could be announced as early as next week, although final terms have not been confirmed. If completed, the transaction would mark one of the largest Bitcoin-focused treasury initiatives in recent months. Cohen & Company-Backed SPAC Anchors the Deal Columbus Circle Capital 1 is a blank-check company that completed a $250 million IPO in May 2025. It was formed specifically for mergers and acquisitions and is backed by Cohen & Company Capital Markets, a division of the publicly traded financial services firm Cohen & Company. The SPAC’s merger with ProCapBTC would provide the latter with a public listing and immediate access to capital for Bitcoin acquisition. Cohen & Company has expanded its presence in the digital asset sector in recent years, offering services to clients in the cryptocurrency, NFT, and decentralized finance industries. Its involvement in the ProCapBTC initiative highlights growing institutional interest in crypto treasury strategies. If all $750 million is allocated to Bitcoin purchases, ProCapBTC would become one of the largest corporate holders of the asset. For comparison, data from BitcoinTreasuries.net shows that 130 public companies currently hold a combined total of over 820,000 BTC. Strategy leads the group with 582,000 in Bitcoin holdings. Rising Crypto Interest Follows Trump’s Pro-Crypto Stance The timing of ProCapBTC’s launch aligns with renewed enthusiasm in the crypto sector. U.S. President Donald Trump recently stated it was an “honor” to be considered pro-crypto. His administration’s softer stance on digital asset regulations has encouraged several crypto firms to explore public listings. Earlier this month, stablecoin issuer Circle surged 168% on its first day of trading. Meanwhile, Bullish Group, which owns Bullish Exchange and CoinDesk, is also reportedly preparing for an IPO. Pompliano’s involvement in ProCapBTC follows his earlier leadership of ProCap Acquisition, a fintech-focused SPAC that raised $250 million through a Nasdaq IPO in April. Related: Centralized Treasuries Control Nearly 31% of BTC Supply as Institutional Adoption Surges Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.