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Anthony Pompliano aims to buy $1 billion in BTC

The list of companies embracing Bitcoin as a core strategy is growing by the day.

By Mike Hesp
• 2 min read
Anthony Pompliano aims to buy $1 billion in BTC

The list of companies embracing Bitcoin as a core strategy is growing by the day. Following Metaplanet, Semler Scientific, Nakamoto, and Strive, Anthony Pompliano officially joins the list as well. The influential Bitcoin evangelist and creator of The Pomp Podcast has set his sights on nothing less than a $1 billion in BTC.

On Monday Pompliano announced that he is going public via a so-called SPAC merger with Columbus Circle Capital Corp. I. The new entity, ProCap Financial, Inc., is set to have up to $1 billion in Bitcoin on its balance sheet after the deal closes. So far, more than $750 million in capital has been raised.

"The traditional financial system is being disrupted by Bitcoin," says Pompliano. He also cites a famous George Soros quote: “If I see a bubble forming, I step in immediately and throw gasoline on the fire.” Pompliano's strategy is clear: no waiting, buy now.

In a CNBC interview he took aim at rivals: “Most companies raise capital that then sits in cash for months while waiting for deals. We buy Bitcoin right away.” According to him, this marks the start of a new phase in what's being called the Bitcoin proxy trade era, where companies not only hold BTC but actively use it to generate returns.

ProCap Financial should be more than just a digital vault. Pompliano wants to build services like Bitcoin-denominated loans, trading platforms, and capital market solutions all modeled after giants like Goldman Sachs, but with Bitcoin as the backbone.

Meanwhile, Michael Saylor, pioneer and founder of MicroStrategy, is pushing ahead with his own megadeals. Today he announced another purchase: 11,931 BTC, bringing the total to a staggering 592,345 Bitcoin.

The big question in the market remains: are we at the start of a new era of Bitcoin Treasury strategies, or are we closer to a peak than expected?

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