Anthony Pompliano will lead a new Bitcoin investment device with plans to raise $750 million. His move was to return to crypto under a friendly White House. Investors are paying close attention.
Pompliano intervenes in large-scale targets
According to the Financial Times, Pompliano will become the CEO of ProcapBTC. The company hopes to collect $500 million in equity and add $250 million in convertible debt.
It will do this by merging with Blank -Cheque Company Columbus Circle Capital 1, which opened its IPO in late May with a $250 million public offering. Pompliano has made $220 million this year for a separate SPAC.
According to the report, Columbus Circle Capital 1 has received support from Cohen & Company, an investment bank in New York. This partnership has enabled ProcapbTC to quickly enter the public market.
Pompliano’s last SPAC move closed in less than six months, so investors are seeing a quick schedule here. Blank routes have become a popular way to raise Bitcoin to buy cash without the usual paperwork for IPOs.
Crypto influencer Anthony Pompliano to launch vehicles to buy Bitcoin
– Financial Times (@ft) June 12, 2025
Debt and equity portfolio
ProcapBTC’s plan reflects what Michael Saylor’s MicroStrategy (re-improve strategy) and what Japan’s Metaplanet tried. By integrating equity with convertible debt, the group can increase its purchasing power.
But this mix is risky. If Bitcoin falls, debt may be converted into stock at a discounted price, reducing shares of early supporters. If Pompliano wants to reach the $750 million target, he will need to manage that balance carefully.
Encrypted list is rising
This push is part of a wider list of cryptocurrencies. Earlier this week, Peter Thiel-Backed’s bullish filing for a U.S. IPO, while Gemini, a platform run by the Winklevoss Twins, also proposed a public plan.
Stablecoin issuer Circle saw its stock grow by more than 150% in its trade debut. All of this shows the revival of US cryptocurrency companies.
Fuel momentum in political background
Investors are not only looking for balance sheets. They are also looking at politics. U.S. President Donald Trump has a good talk about digital assets in his second semester. This makes new capital a crypto name, including Trump’s own social media company.
Pompliano even warned last month that Trump’s threat to the removal of Fed Chairman Jerome Powell would set a bad precedent for U.S. central bank independence.
Bitcoin hovers around $105,000, with a maximum volatility of 8% in the day. Putting hundreds of millions of dollars into the market immediately can drive prices up and make purchases more expensive. ProcapBTC may spread purchases or use futures to mitigate the impact within weeks, but details are currently very little.
Featured images from Getty Images, charts from TradingView
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