Anthony Pompliano Poised to Launch $750M Bitcoin Investment Fund with SPAC Merger: ProCapBTC

Anthony Pompliano, renowned for his bullish stance on Bitcoin, is reportedly gearing up to launch ProCapBTC—a new $750 million investment vehicle aimed at institutional exposure to Bitcoin. The fund will be formed via a merger with Columbus Circle Capital 1, signaling fresh momentum for large-scale Bitcoin investment products.

Pompliano Plots ProCapBTC Launch Amid Institutional Bitcoin Demand

According to sources close to the developments cited by the Financial Times on June 13, Anthony Pompliano, co-founder of Morgan Creek Digital Assets, is set to spearhead a major Bitcoin investment entity called ProCapBTC. This initiative seeks to raise a total of $750 million, combining $500 million in new equity commitments and $250 million in convertible debt. The fund is expected to launch following a merger with Columbus Circle Capital 1, a special purpose acquisition company (SPAC) that went public in May, backed by Cohen & Company Capital Markets. While final details remain under wraps, an official announcement could arrive as early as next week.

Columbus Circle Capital 1 and Cohen & Company’s Increasing Crypto Footprint

Columbus Circle Capital 1 is among several SPACs sponsored by Cohen & Company, a firm listed on the New York Stock Exchange that has recently broadened its activities in the digital asset arena. Beyond its traditional asset management roots, Cohen & Company has developed auditing, tax, and advisory services tailored for crypto exchanges, NFT projects, token issuers, and DeFi platforms. The SPAC raised $250 million in its May 2025 IPO, specifically earmarking those funds for mergers targeting cutting-edge industries such as blockchain and digital payments.

Key Stats & Figures

• ProCapBTC Fund Size: Targeting a combined $750 million ($500 million equity + $250 million convertible debt)
• SPAC Backer: Columbus Circle Capital 1, which raised $250 million in its 2025 IPO
• Cohen & Company Expansion: Providing crypto-specific services including tax, auditing, and advisory
• ProCap Acquisition’s Nasdaq Debut: Pompliano’s earlier SPAC raised $250 million in April by selling 25 million units at $10 each

Bitcoin Investment Vehicles Attract Institutional Enthusiasm

The emergence of ProCapBTC arrives shortly after the successful Nasdaq listing of ProCap Acquisition, another Pompliano-led SPAC focused on fintech, which garnered $250 million earlier this year. The surge in sizable Bitcoin investment funds reflects mounting institutional appetite for Bitcoin exposure, as more entities seek direct participation in the digital asset economy. Despite the attention swirling around ProCapBTC, Pompliano has yet to officially comment on the proposed merger, maintaining silence on both social media and formal channels.

Conclusion: What This Means for the Market

If finalized, ProCapBTC could mark a substantial new influx of capital into Bitcoin investment, highlighting the ongoing shift from retail to institutional interest in the cryptocurrency space. The planned fund—and its high-profile backers—underscore growing confidence in Bitcoin as an investable asset class, portending continued expansion of institutional-grade crypto products and a potential boost for overall market adoption.