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Anthony Pompliano’s ProCap BTC files 8-K with U.S. SEC to go public via merger
GameFi Guides

ProCap BTC files 8-K with U.S. SEC to go public via merger

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Anthony Pompliano’s Bitcoin-focused firm, ProCap BTC, has filed an 8-K with the U.S. Securities and Exchange Commission to go public through a merger with Columbus Circle Capital Corp I, a blank-check company.

A June 25 announcement, shared by Pompliano on X, outlines a business merger that would form ProCap Financial, Inc., a Nasdaq-listed entity. The move comes after a series of high-profile events for the company, demonstrating its intention to develop institutional infrastructure around Bitcoin (BTC). 

Just a day before the filing, ProCap disclosed the purchase of 3,724 BTC, worth approximately $387 million, at an average price of $103,785 per coin. In addition, the company recently raised more than $750 million, which included $225 million in convertible debt and $550 million in equity. The funds will support its long-term strategy of treating Bitcoin as a primary treasury asset, according to investor materials.

ProCap aims to differentiate itself from traditional financial firms by generating yield on Bitcoin holdings while offering products for institutional investors. If the merger is completed, ProCap would become one of the top 15 publicly traded corporate Bitcoin holders globally, according to data from Bitcointreasuries.com.

The special-purpose acquisition company merger route comes as more crypto-native companies explore public listings amid increasing regulatory clarity in the U.S. ProCap’s planned listing joins several digital asset firms seeking market legitimacy through public offerings.

As part of the process, Columbus Circle and ProCap will submit a registration statement to the SEC, including a joint prospectus and proxy materials. Investors and stakeholders are encouraged to review those filings once available.

Pompliano, a long-time Bitcoin advocate, has positioned ProCap as a pure-play on BTC’s future as institutional demand grows. With significant capital raised and a clear focus on Bitcoin-native financial services, the firm is shaping up to be one of the most closely watched crypto listings of 2025.





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Pompliano Bitcoin Treasury ProCap Unveils $1 Billion SPAC Merger

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In brief

  • Anthony Pompliano’s ProCap plans to leverage its Bitcoin holdings to “implement risk-mitigated solutions to generate revenue and profits.”
  • The firm says it will hold $1 billion in Bitcoin once a proposed merger is completed.
  • Bitcoin treasury firms are a hot trend, but analysts have raised concerns about the dynamic’s sustainability and the ultimate market impact.

Social media personality and crypto investor Anthony Pompliano unveiled a $1 billion merger on Monday to create ProCap Financial, a Bitcoin-native financial services firm that will soon join a growing list of companies stockpiling the asset on the Nasdaq.

Pompliano, who began promoting ProCap in April, said on X, formerly Twitter, that he had recently raised $750 million from “leading institutional investors on Wall Street” for the blank-check firm, alongside heavy hitters in the cryptosphere.

“It’s time to get to work,” Pompliano said, noting that ProCap will develop “products and services to produce revenue and profit from the bitcoin on our balance sheet over time.”

ProCap will merge with Columbus Circle Capital, which trades on the Nasdaq under the ticker name CCCM, ProCap said in a press release. Entities in the proposed transaction raised $516 million in equity and $235 million through convertible notes, the firm added.



Pompliano’s announcement comes amid a sharp uptick in firms adding Bitcoin to their balance sheets, including Trump Media’s $2.5 billion raise to buy Bitcoin last month, and GameStop’s recent adoption of Bitcoin as a treasury reserve asset. Although many firms are simply buying Bitcoin and holding it, Pompliano underscored in a statement that capital will be put to work.

 

“Our objective is to develop a platform that will not only acquire bitcoin for our balance sheet, but will also implement risk-mitigated solutions to generate revenue and profits from our bitcoin holdings,” he said.

Bitcoin-buying firms like Strategy, formerly MicroStrategy, have been able to transform themselves over time. In a recent note from Coinbase, however, analysts warned that the trend may not be sustainable and could one day yield “systematic risks” for the entire crypto sector. 

The logic goes that a sharp drawdown in Bitcoin’s price could force these firms, which often turn to debt to fund purchases, could be forced to sell the asset en masse.

Worldwide, 134 public companies have purchased 835,000 Bitcoin worth $85 billion, according to Bitcoin, according to Bitcoin Treasuries. Bitcoin was changing hands around $102,000 on Monday, a 2.2% increase over the past day, according to crypto data provider CoinGecko.

Edited by James Rubin

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KindlyMD buys 21 Bitcoin ahead of Nakamoto merger
NFT Gaming

KindlyMD buys 21 Bitcoin ahead of Nakamoto merger

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KindlyMD, an integrated healthcare services provider, has announced the purchase of 21 Bitcoin ahead of its merger with Nakamoto Holdings, a company focused on the acquisition and holding of Bitcoin.

KindlyMD’s move to buy 21 Bitcoin (BTC) comes a few weeks after David Bailey, the chief executive officer of BTC Inc., and crypto advisor of U.S. president Donald Trump, announced the launch of Nakamoto Holdings.

The Bitcoin-native company, whose name pays homage to Bitcoin creator Satoshi Nakamoto, recently revealed an upcoming merger with KindlyMD.

KindlyMD is a Nasdaq-listed integrated healthcare and healthcare data company looking to become the next Strategy. With its initial BTC purchase, KindlyMD says its on the path to making this quest a reality.

The purchase of 21 BTC was completed at an average price of $109,027 per coin, representing a $2.3 million investment. Funds came from gross proceeds of $8.7 million raised through recent warrant exercises.

“KindlyMD chose 21 BTC, which is one millionth of the total supply of bitcoin, as a symbolic first step on our journey to be the leading Bitcoin treasury strategy,” Bailey said. “There are many more milestones ahead and we can’t wait to continue to execute our roadmap with KindlyMD.”

Nakamoto Holdings’ launch followed Bailey’s $300 million raise in equity and convertible debt earlier this year.

On May 21, KindlyMD shareholders approved the strategic merger and partnership with Nakamoto Holdings. The deal also includes Anchorage Digital—an institutional-grade crypto custody platform—signaling a joint commitment to accelerating corporate Bitcoin adoption.

Commenting on the purchase, KindlyMD CEO Tim Pickett said:

“This strategic purchase was possible after significant warrant redemption, which we believe reflects our investor’s support of the merger and in our confidence of Bitcoin as a store of value. We look forward to working diligently towards the closing of our merger with Nakamoto to further accelerate our Bitcoin treasury strategy.”

KindlyMD and Nakamoto Holdings’ merger will close later in the year.



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KindlyMD shareholders approve Bitcoin pivot via Nakamoto Holdings merger
Crypto Trends

KindlyMD shareholders approve Bitcoin pivot via Nakamoto Holdings merger

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KindlyMD shareholders have approved a merger with Bitcoin holding firm Nakamoto Holdings, paving the way for the creation of a publicly traded Bitcoin-focused conglomerate.

According to a May 20 announcement from the U.S.-based healthcare services provider, both companies will now file information statements with the Securities and Exchange Commission. 

The merger is expected to close 20 days after these disclosures are shared with shareholders. Completion is targeted for the third quarter of 2025.

Nakamoto Holdings, led by Donald Trump’s crypto adviser David Bailey, is a newly formed entity that seeks to consolidate Bitcoin-native businesses under one umbrella.

The deal gives Nakamoto Holdings a Nasdaq-listed vehicle to pursue its goal of turning Bitcoin into a foundational asset across global capital markets.

The merged firm plans to scale its Bitcoin holdings per share, a concept Bailey refers to as “Bitcoin Yield,” through equity, debt, and hybrid offerings. 

Though KindlyMD will continue operating its clinics focused on opioid reduction and alternative therapies, the new entity’s core focus will be financial, not medical.

“We are grateful that KindlyMD shares our vision for a future in which Bitcoin is a core part of the corporate balance sheet, and investors across global capital markets have exposure to the world’s greatest asset and store of value,” Bailey said in an accompanying statement.

The companies first announced the proposed merger on May 12. At the time, they described plans to launch a network of Bitcoin-native firms while using the merged balance sheet to accumulate BTC. 

Details of the merger were announced alongside a $710 million capital raise, with Nakamoto securing $510 million through a private placement and $200 million via convertible notes, which, according to Nakamoto, was the largest PIPE in any public crypto-linked transaction to date.

Bailey, who will become CEO of the merged entity, has likened his vision to building a modern counterpart to the Rothschilds or Morgans, except with Bitcoin as the reserve asset. 

“Every balance sheet, public or private, will hold Bitcoin,” he said at the time.

News of the merger sent shares of KindlyMD (KDLY) soaring more than 650% in premarket trading when it was first announced. Shares closed May 20 at $15.22, up 9% on the day, and climbed another 4.8% in after-hours trading. KDLY is now up over 979% year-to-date.

Bitcoin’s growing role as a treasury asset

With Bitcoin gaining traction as a corporate treasury asset, the KindlyMD–Nakamoto merger adds to a broader wave of public companies across the globe that have integrated Bitcoin into their financial strategies.

In the healthcare space, Basel Medical Group entered exclusive talks to buy up to $1 billion worth of Bitcoin earlier this month, while Semler Scientific has also joined the trend, and has been consistently building a sizable Bitcoin stash, holding 3,808 BTC as of May 21.

Meanwhile, in Latin America, Brazilian fintech Méliuz became the first publicly traded company in the region to adopt Bitcoin as a treasury asset, following shareholder approval earlier this month. 

Over in the Middle East, Al Abraaj Group kicked off its Bitcoin strategy with an initial 5 BTC purchase, while signalling plans to acquire more.

Strategy—formerly MicroStrategy—was the first major public company to adopt Bitcoin as a primary treasury asset back in 2020, effectively popularizing the corporate Bitcoin playbook. 

Recently, the firm disclosed a fresh $765 million purchase, adding 7,390 BTC to its balance sheet.



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