Procap BTC, Bitcoin-Neat Financial Services, led by entrepreneur Anthony Pompliano, said it bought 1,208 Bitcoin
Just one day after announcing a purchase of $ 385 million of the biggest cryptocurrency.
The company said that on average it paid $ 105,977 for each token and priced the transaction to $ 128 million. With this step, the company now has a total of 4,932 Bitcoin, which recently regained $ 108,000.
The acquisition comes two days after Procap BTC announced its intention to publish a $ 1 billion business combination with Columbus Circle Capital Corp. (Cccm). Upon completion, the company Procap Financial, Inc. is renamed.
The Bitcoin purchasing spire emphasizes Procap’s strategic commitment to steadily building its stock of BTC. By immediately inserting capital raised upon signing, the company has delivered immediate Bitcoin exposure to equity investors and strengthened its Bitcoin-centric investment thesis.
Procap has said that it considers Bitcoin not only as an asset, but as a central economic benchmark, as it refers to as “the new obstacle rate.” The company has signaled that it will continue to buy Bitcoin as part of its balance strategy and expects to last up to $ 1 billion in BTC at the time of the public list.