$750 Million Bitcoin War Chest: Pompliano Prepping Mega Crypto Fund

Summary: Crypto influencer and investor Anthony Pompliano is gearing up to lead ProCapBTC, a new Bitcoin-focused investment vehicle aiming to raise $750 million through a combination of equity and convertible debt. The move reflects growing institutional interest in crypto amid a friendlier U.S. political environment.

Pompliano Steps In With Big Target

According to the Financial Times, Anthony Pompliano will take the helm as CEO of ProCapBTC, which plans to raise $500 million in equity and an additional $250 million via convertible debt. The vehicle will merge with Columbus Circle Capital 1, a blank-check company that went public in late May with a $250 million IPO.

The SPAC route offers a quicker path to public markets, appealing to investors seeking fast exposure to crypto assets. Pompliano’s earlier SPAC raised $220 million earlier this year, and his previous deals have closed in under six months, increasing market confidence in his timeline.

Backing from New York-based investment bank Cohen & Company further strengthens ProCapBTC’s financial credibility, giving it a strategic advantage in launching large-scale Bitcoin purchases.

Crypto influencer Anthony Pompliano set to launch bitcoin-buying vehicle https://t.co/jMZ0PVx9qZ

— Financial Times (@FT) June 12, 2025

Debt and Equity Mix

ProCapBTC’s funding model combines equity financing with convertible debt, a strategy similar to the one used by Michael Saylor’s Strategy (formerly MicroStrategy) and Japan’s Metaplanet. The hybrid approach allows the firm to amplify buying power without immediate equity dilution.

However, the structure carries inherent risks. Should Bitcoin’s price decline, convertible debt could turn into shares at a discount, diluting existing shareholders. Managing this balance will be crucial to reaching the $750 million funding goal.

Crypto Listings On The Rise

ProCapBTC’s fundraising efforts come amid a broader surge in crypto capital markets activity. Peter Thiel‑backed Bullish recently filed for a U.S. IPO, while Gemini—the digital asset exchange founded by the Winklevoss twins—also filed public listing plans. Stablecoin issuer Circle saw its valuation soar over 150% following its debut.

The resurgence of crypto firms entering public markets signals renewed investor appetite and increasing regulatory clarity in the U.S.

Political Backdrop Fuels Momentum

A shifting political climate in the U.S. is playing a significant role in crypto’s renewed momentum. President Donald Trump’s supportive tone toward digital assets during his second term has attracted institutional capital across the sector.

Notably, Trump’s own social media company has seen renewed investor interest following his pro-crypto stance. However, Pompliano cautioned that Trump’s recent threat to replace Federal Reserve Chair Jerome Powell could undermine central bank independence.

Bitcoin Price Update

Bitcoin continues to trade near $105,000, experiencing intraday volatility of up to 8%. A large-scale investment like ProCapBTC’s could influence market dynamics, potentially lifting prices in the short term.

While the firm may opt to space out its purchases or utilize futures to minimize price impact, specific execution strategies have yet to be disclosed.

Featured image from Getty Images, chart from TradingView