ProCap Increases BTC Holdings by 1,208, Bringing Total to 4,923 BTC

According to ChainCatcher, citing Globenewswire, American investor and entrepreneur Anthony Pompliano announced today that the Bitcoin-native financial services company ProCap BTC, LLC has purchased 1,208 bitcoins at a time-weighted average price (TWAP) of $105,977. With this acquisition, the company’s bitcoin holdings on its balance sheet have reached 4,932 BTC.

This acquisition is part of the company’s ongoing Bitcoin purchase plan. The company quickly deployed the raised funds to increase its Bitcoin holdings, providing equity investors with exposure to Bitcoin assets from the very beginning of financing. As a long-term strategy, the company will continue to accumulate Bitcoin assets, and it is expected that by the time the business merger is completed, the value of Bitcoin holdings on ProCap Financial’s balance sheet will reach $1 billion.