As crypto continues to bounce back with serious momentum—thanks in part to a more supportive stance from the White House—major players are making bold new bets.
One of the biggest names stepping into the spotlight again is Anthony Pompliano, a well-known Bitcoin evangelist and investor.
He’s now preparing to launch a massive investment venture aimed squarely at Bitcoin—and it’s drawing serious attention.
Pompliano Gears Up for a $750 Million Bitcoin Play
Pompliano is taking the reins as CEO of a new firm called ProCapBTC, with plans to raise a whopping $750 million to pump into Bitcoin.
According to The Financial Times, the plan is split between $500 million in equity funding and another $250 million in convertible debt.
The vehicle for this ambitious raise? A merger with Columbus Circle Capital 1, a special-purpose acquisition company (SPAC) that just went public with a $250 million IPO at the end of May.
This fast-track move gives ProCapBTC a shortcut into public markets—without the red tape of a traditional IPO.
Backed by Wall Street and Built for Speed
Pompliano isn’t going at this alone. Cohen & Company, a reputable New York investment bank, is backing the SPAC, helping to streamline the process.
It’s worth noting that this isn’t Pompliano’s first rodeo—he already raised $220 million earlier this year with another SPAC, and that deal closed in less than six months.
Investors are watching closely, betting that he’ll move just as quickly this time.
With the SPAC route now a common strategy for raising large sums of crypto capital, ProCapBTC could be buying Bitcoin at scale very soon.
Mixing Equity with Debt—But at What Risk?
The plan closely mirrors what Michael Saylor’s MicroStrategy (now Strategy) and Japan’s Metaplanet have done—raising money through both equity and convertible debt.
It’s a tactic that lets firms amplify their buying power without giving up too much control upfront.
But there’s a catch. If Bitcoin’s price drops, those convertible debts could turn into shares at a discount, potentially eating into the original investors’ value.
It’s a tightrope act, and Pompliano will need to manage it carefully if he wants to secure all $750 million.
Crypto Firms Are Going Public Again
Pompliano’s move isn’t happening in isolation—it’s part of a broader trend.
Just this week, Peter Thiel-backed Bullish filed for a U.S. IPO, and Gemini, run by the Winklevoss twins, has also submitted its plans to go public.
Meanwhile, stablecoin company Circle had an explosive debut, with its shares jumping more than 150% on opening day.
All signs suggest that crypto is once again finding favor with public markets—and fast.
Trump’s Crypto-Friendly Talk Sends Positive Signals
Another factor driving this renewed interest? Politics.
Former President Donald Trump, now back in office for a second term, has been making crypto-positive comments—and investors are listening.
His stance has sparked a fresh wave of capital into the space, including into companies he’s personally connected to, like Trump Media.
That said, Pompliano isn’t blindly following the tide.
He recently warned that Trump’s idea of firing Federal Reserve Chair Jerome Powell would undermine the independence of America’s central bank—a move that could have major ripple effects on the economy, including Bitcoin.
Bitcoin Price Holds Strong—For Now
Bitcoin itself has been holding steady at around $105,000, but remains volatile with intraday swings as large as 8%.
If ProCapBTC drops its entire war chest into the market at once, it could push prices even higher—making each Bitcoin more expensive to acquire.
To avoid that, the firm may buy in batches over time, or possibly use futures contracts to hedge risk and reduce price impact.
As of now, details on the purchasing strategy remain under wraps.
A Changing Era for Crypto Investment
With all the momentum behind crypto right now, Pompliano’s timing could be perfect.
But it also raises questions about the future of large-scale Bitcoin investing.
Will this model become the new normal? Can retail investors keep up? And what happens if the market takes another hit?
Whatever the outcome, one thing is clear: ProCapBTC is positioning itself to be a major player in Bitcoin’s next chapter.
