Pompliano-Led Bitcoin Firm to Go Public Via Cohen SPAC Deal

Anthony Pompliano’s financial services firm has agreed to go public by merging with a blank-check company, and is planning to have as much as $1 billion worth of Bitcoin on its balance sheet.

Pompliano’s ProCap BTC agreed to a combination with Columbus Circle Capital Corp. I, a special purpose acquisition company, according to a statement Monday. The firms raised $516.5 million in non-voting preferred units in a private placement, and the combined company has secured commitments for $235 million of zero-coupon convertible bonds, the statement showed.

The SPAC, whose sponsor is a subsidiary of Cohen & Co., ...