Anthony Pompliano to Lead $750M Bitcoin Investment Vehicle, FT Reports

Anthony Pompliano, a prominent crypto advocate and founder of Professional Capital Management, is reportedly preparing to take the reins at ProCapBTC, a new bitcoin-focused investment firm aiming to replicate Michael Saylor’s bitcoin treasury strategy. The news was first reported by the Financial Times, citing sources familiar with the matter.

According to the report, ProCapBTC plans to raise $750 million—comprising $500 million in equity and $250 million in convertible debt—through a merger with Columbus Circle Capital 1, a special purpose acquisition company (SPAC) backed by Cohen & Company. A deal could be announced as soon as next week, although final terms are still under discussion.

If fully deployed into bitcoin, the fund could become one of the largest corporate holders of the asset, trailing just behind top-tier players like MicroStrategy (MSTR). MicroStrategy, under the leadership of Executive Chairman Michael Saylor, currently holds more than $61 billion in BTC.

The move comes as corporate interest in crypto intensifies following President Donald Trump’s recent pro-crypto remarks. “It’s an honor to be called a pro-crypto president,” Trump said Thursday, as his administration continues to relax industry regulations. The friendlier regulatory tone has sparked a fresh wave of capital formation, with companies like Circle (CRCL) jumping 168% on debut and Bullish, the Peter Thiel-backed parent of CoinDesk, reportedly eyeing an IPO.

Pompliano, a vocal bitcoin proponent known for his podcast and media appearances, declined to comment to the FT. Cohen & Company has also not responded to requests for comment.

Should the deal move forward, ProCapBTC would cement Pompliano’s place among a growing group of executives leading the next phase of institutional bitcoin adoption.