Anthony Pompliano in talks to lead public firm seeking $750 million to purchase Bitcoin: FT

Anthony Pompliano, a crypto influencer and investor, is expected to lead a publicly traded company seeking to raise $750 million for Bitcoin purchases, the Financial Times reported late Thursday, citing three sources close to the deal.

Pompliano was in talks to serve as chief executive of a group called ProCapBTC, which would then seek to raise $500 million in equity financing and $250 million in convertible debt through a merger with Columbus Circle Capital 1, according to the FT report. 

Columbus Circle, a special purpose acquisition company backed by investment bank Cohen Company, went public on the Nasdaq last month in a $250 million upsized initial public offering. 

ProCapBTC plans to use the raised capital to purchase Bitcoin, the report said.

Last month, ProCap Acquisition Corp, a blank-check firm led by Pompliano, debuted on the Nasdaq in a $220 million IPO. However, based on publicly available information, it remains unclear how ProCapBTC is related to ProCap Acquisition Corp.

The Block has reached out to Pompliano and Cohen Company for comment.

Pompliano, who has 1.7 million followers on X and 620,000 YouTube subscribers, is an entrepreneur and investor known for his involvement in the crypto industry.