ProCap BTC to go public via a SPAC merger with Columbus Circle Capital.

ProCap BTC, a financial services firm at the intersection of bitcoin and traditional finance, agreed to go public via a SPAC merger with Columbus Circle Capital, a blank check company. Financial terms were not disclosed. “The legacy financial system is being disrupted by bitcoin. ProCap Financial represents our solution to the increasing demand for bitcoin-native financial services among sophisticated investors. Our objective is to develop a platform that will not only acquire bitcoin for our balance sheet, but will also implement risk-mitigated solutions to generate revenue and profits from our bitcoin holdings,” Anthony Pompliano, ProCap Founder.