Anthony Pompliano’s ProCap BTC LLC and Columbus Circle Capital Corp I Amend Business Combination Agreement to Provide Columbus Circle Capital Corp I Public Shareholders with Opportunity for Bitcoin Appreciation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 28 2025
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Source: Globenewswire
Business Combination Agreement: ProCap BTC LLC and Columbus Circle Capital Corp I have amended their business combination agreement to provide CCCM public shareholders with exposure to Bitcoin's price appreciation, allowing non-redeeming shareholders to receive additional shares in the resulting company, ProCap Financial.
Bitcoin Acquisition and Valuation: ProCap BTC raised over $750 million to acquire 4,950 Bitcoin at an average price of $104,343, which has since appreciated to approximately $118,900, potentially benefiting shareholders through adjustment shares based on the increased value of Bitcoin.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
