Anthony Pompliano plans to launch a Bitcoin investment tool and aims to raise $750 million.

BlockBeats News, June 13, according to the Financial Times, cryptocurrency entrepreneur Anthony Pompliano is reportedly planning to launch a new Bitcoin investment vehicle, aiming to raise $750 million. Pompliano is expected to serve as the CEO of ProCapBTC. ProCapBTC is a Special Purpose Acquisition Company (SPAC) that plans to merge with the publicly listed Columbus Circle Capital 1.

Reportedly, under the leadership of Anthony Pompliano (with discussions still ongoing), ProCapBTC will aim to raise $500 million in equity financing and $250 million in convertible debt through the merger with Columbus Circle Capital 1. Columbus Circle Capital 1 is backed by the investment bank Cohen & Company. The ProCapBTC transaction could be announced as early as next week, though its exact terms are yet to be finalized.