Pompliano's ProCap Financial Purchases 3,724 Bitcoin For $386M

Highlights

ProCap Financial has announced the acquisition of 3,724 Bitcoin.
The Bitcoin Treasury company has plans to extend its BTC accumulation in the near-term.
Many companies are adopting the Bitcoin standard, mirroring Michael Saylor's Strategy.

Anthony Pompliano’s ProCap Financial has added 3,724 Bitcoin to its balance sheet as it seeks to catch up with the industry’s first movers. The acquisition follows a $750 billion capital raise to acquire the top cryptocurrency, with Pompliano pledging to increase ProCap Financial’s holdings.

ProCap Financial Adds 3,724 Bitcoin to Its Holding

According to a press release, ProCap has completed its first Bitcoin acquisition, adding 3,724 BTC to its treasury. Per the statement, the purchase was made at an average price of $103,785 per coin, costing the firm approximately $386.6 million.

The acquisition is part of ProCap Financial’s “Bitcoin purchase program,” placing the company among the growing list of corporate Bitcoin holders. With 3,724 BTC on its balance sheet, ProCap Financial now ranks 15th among public companies holding the top cryptocurrency.

ProCap Financial was launched through a $1 billion merger with Nasdaq-listed Columbus Circle Capital Corp. It raised $750 million from investors to implement its Bitcoin treasury strategy. Pompliano described the $750 million raise as the “largest initial fundraise” by a public Bitcoin treasury company.

Armed with cash, ProCap Financial has given investors immediate exposure to Bitcoin through the equity raise. The company also plans to continue accumulating the flagship cryptocurrency as part of its long-term business strategy, with a target of reaching $1 billion in Bitcoin holdings.

“We believe Bitcoin is the new hurdle rate,” said Pompliano. “If you can’t beat it, you have to buy it.”

Institutional Investors Flock to the Flagship Cryptocurrency

Bitcoin treasury companies have seen a notable uptick in activity since the start of the year, spurred by Strategy’s (formerly MicroStrategy’s) ongoing accumulation spree. On Monday, Strategy bought the dip, increasing its holdings to 592,345 BTC, continuing an 11-week buying streak.

However, ProCap Financial faces stiff competition in its quest to become the leading Bitcoin-native financial services firm. Recently, Metaplanet announced a $5 billion capital allocation to its U.S. subsidiary to expand its BTC accumulation capabilities.

Last week, 18 companies collectively added 12,010 BTC to their treasuries, worth approximately $1.24 billion. Additionally, these companies have earmarked another $1.16 billion for future Bitcoin acquisitions, as corporate Bitcoin strategies become increasingly mainstream. According to data from BitcoinTreasuries.net, public companies currently hold 835,053 BTC, while private companies own 292,369 BTC.

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he's not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.