ProCap BTC, LLC, a bitcoin-focused financial services firm led by Anthony Pompliano, has made a significant purchase, acquiring 1,208 bitcoins for a total of $128 million. This acquisition brings its total bitcoin holdings to 4,932 BTC, having paid an average price of $105,977 per token. The firm has expressed plans to increase its total investment in bitcoin to $1 billion, coinciding with its recent announcement of a $385 million purchase prior to this transaction. As ProCap prepares for its public listing, expected through a $1 billion business combination with Columbus Circle Capital Corp, it emphasizes a strategic commitment to accumulate bitcoin as a core financial asset, which it defines as a 'new hurdle rate.' This ongoing buying strategy showcases ProCap's intent to provide instant bitcoin exposure to equity investors while reinforcing its investment thesis centered around bitcoin.

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