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Anthony Pompliano Set to Head $750M Bitcoin Investment Vehicle: FT

• Activist Post

What to know:

• Anthony Pompliano is set to become CEO of ProCapBTC, which plans to raise $750 million to acquire bitcoin, according to the Financial Times.

• ProCapBTC's proposed deal includes $500 million in equity and $250 million in convertible debt in a merger with a SPAC backed by Cohen & Company.

• The move comes amid renewed enthusiasm in crypto markets following U.S. President Donald Trump's pro-crypto stance and regulatory easing.

Anthony Pompliano, a longtime cryptocurrency evangelist and CEO at Professional Capital Management, is set to become CEO of ProCapBTC, a new investment vehicle aiming to acquire large amounts of bitcoin, according to the Financial Times, which cited three people familiar with the talks.

Under the proposed deal, ProCapBTC plans to raise $750 million, $500 million in equity and $250 million in convertible debt, in a merger with Columbus Circle Capital 1, a special purpose acquisition company (SPAC) backed by Cohen & Company, the FT said.


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