Morgan Creek Co-Founder Anthony Pompliano to Launch $750 Million Bitcoin Investment Vehicle
Morgan Creek Digital Assets co-founder and crypto influencer Anthony Pompliano is gearing up to introduce a new Bitcoin-focused investment vehicle that aims to raise $750 million through a merger with Columbus Circle Capital 1, as reported by the Financial Times on June 13, citing sources familiar with the situation.
The newly formed entity, dubbed ProCapBTC, is set to secure $500 million in fresh equity commitments in addition to $250 million in convertible debt.
The fundraising efforts will come on the heels of a merger with Columbus Circle Capital 1, a special purpose acquisition company (SPAC) that recently went public in May with the backing of investment bank Cohen & Company Capital Markets.
While the specifics of the deal have yet to be finalized, an official announcement could be made as early as next week.
Driving Crypto Exposure
Columbus Circle Capital 1 is just one of several SPACs sponsored by Cohen & Company, a New York Stock Exchange-listed firm that has been increasingly active in the digital asset space.
The bank, which has its origins in traditional capital markets and asset management, has broadened its services to include auditing, tax, and advisory services for a range of crypto-related entities such as exchanges, token issuers, NFTs, and DeFi projects.
Having raised $250 million in an initial public offering in May 2025, Columbus Circle Capital 1 was specifically designed to target mergers with companies in emerging sectors like blockchain and digital payments.
News of the purported launch of ProCapBTC closely follows Pompliano’s successful listing of ProCap Acquisition, another SPAC focused on the financial technology sector. ProCap Acquisition made its debut on the Nasdaq in April, raising $250 million by selling 25 million units at $10 each.
Pompliano, a well-known Bitcoin advocate and podcast host, has yet to officially confirm the reported merger plans for ProCapBTC either on social media or through official channels.
If the deal does come to fruition, it will add to the recent surge of large institutional Bitcoin investment vehicles, highlighting the growing interest in direct exposure to Bitcoin in light of the increasing acceptance of digital assets.