Anthony Pompliano’s Bitcoin Firm Makes First BTC Purchase Worth $394M

ProCap, the bitcoin-focused treasury firm recently launched by Anthony Pompliano, has acquired its first 3,724 BTC at an average price of $103,785 per coin. The firm announced the purchase, valued at approximately $394 million, on Tuesday.

We have purchased 3,724 Bitcoin.

This purchase happened within one day after announcing a $1 BILLION merger and over $750 million fundraise.

The average price was ~ $103,785 per bitcoin.

We believe bitcoin is the new hurdle rate.

If you can’t beat it, you have to buy it.… pic.twitter.com/eX1iI9fVhm

— Anthony Pompliano 🌪 (@APompliano) June 24, 2025

The newly acquired assets are now part of ProCap’s balance sheet. The company positions itself as an equity-based vehicle for gaining exposure to bitcoin’s price. It plans to scale up its holdings over time, with a target of $1 billion worth of BTC.

ProCap Kicks Off Bitcoin Strategy

The BTC purchase follows Monday’s disclosure that ProCap is pursuing a public listing through a proposed $1 billion merger with Columbus Circle Capital Corp., a special-purpose acquisition company trading under the ticker CCCM. The combined entity will be renamed ProCap Financial, Inc.

As part of preparations for the listing, ProCap said it raised $516.5 million from equity sales and an additional $235 million through convertible notes. The company described the combined $751.5 million as the largest initial raise ever for a public bitcoin treasury firm.

It added that the capital was deployed immediately to acquire bitcoin, ensuring equity holders gained BTC exposure from the outset. ProCap plans to continue adding bitcoin to its balance sheet as a key component of its long-term financial strategy.

“We believe bitcoin is the new hurdle rate. If you can’t beat it, you have to buy it,” Pompliano stated.

Strategy and Metaplanet Deepen Bitcoin Holdings

Meanwhile, long-time bitcoin accumulator Strategy added 245 BTC between June 16 and June 22, spending roughly $26 million. The company currently holds 592,345 BTC, acquired for $41.87 billion at an average price of $70,681 per coin.

In a separate development, the Japanese public company Metaplanet has disclosed a new Bitcoin purchase. It spent $118.2 million to acquire BTC at an average of $106,408 per coin. The firm reiterated its plan to accumulate 210,000 BTC by 2027. This target would represent 1% of Bitcoin’s total supply.

At the time of writing, BTC is trading around $105,700, up 5.2% in the last 24 hours and nearly 74% higher over the past year.