Anthony Pompliano's crypto company, ProCap, has successfully raised $750 million to go public by merging with Columbus Circle Capital Corp, a blank-check firm. Upon completion of the merger, which is anticipated before the year's end, ProCap Financial Inc. will operate with $1 billion in Bitcoin on its balance sheet. Pompliano aims for the firm to focus on acquiring Bitcoin while developing revenue-generating products and services related to its assets. The funding included $516.5 million in equity and $235 million in convertible notes, backed by notable players such as FalconX and Blockchain.com. ProCap Financial intends to join the ranks of public companies that have invested heavily in Bitcoin, following the model set by companies like MicroStrategy. ProCap's planned Bitcoin holdings would position it as one of the largest Bitcoin-holding firms publicly traded, surpassing Coinbase. As the crypto market has shown renewed appetite for public listings, several other companies are also preparing to launch through SPAC mergers, aiming to leverage the momentum in the cryptocurrency sector.

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