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Anthony Pipriano, one of America’s most well-known crypto influencers, will be set up as the CEO of a public company that has raised $750 million to fund Bitcoin shopping.
Pompliano, a podcast host with 1.7 million followers on X, discussed the briefing by the three of them trying to raise $750 million as part of their partnership with the blank vehicle.
The proposed deal is the latest in a growing crypto investment boom, driven by Donald Trump’s embarrassment of digital currency in his second term as US president.
Many companies, including Trump’s own public social media groups, have raised billions of dollars from investors in recent weeks, betting that administration policies will drive cryptocurrency mainstream.
Pulliano will lead a group called Procapbtc under the terms of the trade under discussion, people said. Procapbtc aims to raise $500 million in shares and $250 million in conversion obligations as part of a merger with Columbus Circle Capital 1, a publicly-blank checked vehicle backed by New York boutique investment bank Cohen & Company.
Pulliano, a longtime advocate for cryptocurrency, a prolific social media, recently raised $220 million for an independent blank check vehicle that is not involved in crypto buying transactions.
Sources warned that ProcapbtC’s deal would be announced soon next week, but terms were still negotiated and there was no certainty that the deal would come true. Columbus Circle raised $250 million in its first public offer in late May.
Pulliano declined to comment, but Cohen & Company did not respond to a request for comment.
Procapbtc aims to use the cash it raises to buy Bitcoin and reflect the tactics of Bitcoin evangelist Michael Sayler, Japanese hotel developer Metaplanet and other groups.
Crypto companies have reinvigorated the US IPO market in recent years. This slowly began the year due to the volatility caused by Trump’s aggressive trade war.
On Tuesday, the Financial Times reported that Peter Thiel-backed Cryptocurrency Exchange Bullish had secretly filed the IPO four years after it was about to be made public through a deal with a special purpose acquisition company.
Gemini, a cryptocurrency exchange backed by Winklevoss Twins, filed it on the list last week after Stablecoin operator Circle’s shares surged almost 170% in its New York debut.