TLDR
- ProCap Buys $395M in BTC Right After $1B SPAC Deal
- Bitcoin Treasury Play: ProCap Aims for $1B in BTC Holdings
- ProCap Mimics MicroStrategy with Bold BTC Reserve Strategy
- Public Firms’ Bitcoin Holdings Surge Past $88B in 2025
- SPAC-Fueled ProCap to Offer Bitcoin-Backed Financial Services
ProCap BTC, a Bitcoin-native financial firm, has purchased 3,724 BTC worth approximately $395 million. The acquisition followed the company’s announcement of a $1 billion merger with SPAC Columbus Circle Capital. This marked ProCap’s first significant step toward going public as ProCap Financial.
💥BREAKING:
ANTHONY POMPLIANO’S PROCAP JUST BOUGHT $386 MILLION WORTH OF #BITCOIN. pic.twitter.com/iWgyuGuDLd
— Crypto Rover (@rovercrc) June 24, 2025
The company bought BTC at a time-weighted average price of $103,785 per token. ProCap completed the transaction just one day after confirming its business combination with CCCM. The acquisition aligns with ProCap’s ongoing strategy of holding Bitcoin as a core treasury reserve.
The $750 million raised earlier this week was immediately deployed into this BTC buy. This approach provided direct Bitcoin exposure to those participating in the equity round. The company confirmed that the funds used were part of its signing-stage capital commitment.
ProCap Targets $1 Billion in Bitcoin Holdings
ProCap stated that it will continue accumulating Bitcoin. Upon closing the proposed merger, the firm intends to increase its total BTC reserves to nearly $1 billion, placing it among the most aggressive corporate adopters of Bitcoin.
ProCap’s strategy mirrors that of MicroStrategy, which now holds over 592,000 BTC. The company’s positioning as a Bitcoin-native entity differentiates it from traditional corporates entering the digital asset space. It plans to serve institutional clients with Bitcoin-driven financial products.
The merged entity, ProCap Financial, will cater to institutions seeking alternatives to fiat-based capital allocation. Its services will focus on lending, strategy, and treasury operations backed by Bitcoin. The business aims to build native capital market tools aligned with the Bitcoin ecosystem.
Public Company Bitcoin Treasuries See Broader Uptake
ProCap’s move adds to a rising trend of public companies shifting balance sheets toward Bitcoin. As of June 2025, more than 245 publicly listed firms hold BTC. These companies collectively control over $88 billion worth of the assets.
MicroStrategy remains the largest holder, while newer participants include Semler Scientific and Japan-based Metaplanet. These entities span healthcare, hospitality, and tech sectors. Their strategies vary, but all utilize Bitcoin to diversify reserves and anchor long-term value.
Some firms have pursued altcoin-focused treasuries, including XRP and Solana. Companies like Upexi and DeFi Development Corp. have executed similar treasury shifts. This diversification trend suggests broader confidence in blockchain-based assets across multiple verticals.
