The Bitcoin race among companies is accelerating: a $1 billion purchase is coming

In the US, the increasing number of Bitcoin-focused companies has now been joined by ProCap Financial, newly established by Anthony Pompliano. The firm merged with a SPAC named Columbus Circle Capital (Special Purpose Acquisition Company) and went public.

Target to hold 1 billion dollars worth of Bitcoin

Pompliano's ProCap, announced today, has also raised 750 million dollars in funding. The statement indicated that the company will not only hold Bitcoin but will also create a financial services platform focused on Bitcoin. This platform plans to offer services such as lending, trading, and capital markets with a Bitcoin focus.

Is a balloon forming?

Recently, the emergence of such companies has led some experts to comment that "A bubble is forming." However, Pompliano stated, "George Soros has a famous saying about this. 'When I see a bubble forming, I enter and pour gasoline on the fire.' I think that way too." Pompliano somewhat accepted the inflation here.

As a reminder, recently Twenty-One, led by Jack Mallers, and Nakamoto Holdings, led by David Bailey, announced that they would be making substantial Bitcoin purchases and would proceed in this direction.

Although the areas of activity are outside of Bitcoin, GameStop, which is purchasing BTC, and Trump Media, which is considering doing so and has reported this to the SEC, have also come to the forefront with their Bitcoin steps.

Justin Sun's company Tron has merged with a company called SRM to be listed on Nasdaq. Sun's company will also purchase TRX tokens.

Sol Strategies, a publicly traded company in Canada, also holds a large amount of Solana on its balance sheet. Sol Strategies had also applied to the SEC for listing on the (Nasdaq) exchange.

Published: June 23, 2025 17:22 Last Updated: June 23, 2025 17:29