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ProCap BTC, a company of financial services of cryptocurrency founded by investor Anthony Pompliano, did not waste time to put new money to work.
Less than 24 hours after Unveiling fusion of $ 1 billion With Columbus Circle Capital Corp. (CCCM) and a separate increase in capital of $ 775 million, the company bruised 3,724 bitcoins
In a time -weighted average price of $ 103,785 per coin.
Purchase will start the Treasury program, which could increase in bitcoins to $ 1 billion as soon as the SPAC transaction is closed and a combined company called ProCap Financial, NASDAQ lists.
It comes after the company has revealed that it has received $ 550 million through the preferred stock capital offer and another $ 225 million in convertible notes. If the company was already publicly traded, according to Bitcointreassuries.com it would be assessed as 14.
The BTC Propcap claimed that Bitcoin is now a new “obstacle” to the deployment of capital. “If you can’t beat it, you have to buy it,” he wrote in a press release.
The company plans to use its Bitcoins in revenue generation strategies.
