Columbus Circle Capital, ProCap BTC to Merge Into Bitcoin-Treasury Company

By Denny JacobColumbus Circle Capital will combine with bitcoin-native financial services firm ProCap BTC.Columbus Circle is a special-purpose acquisition company sponsored by a controlled subsidiary of Cohen & Co.The combined company will operate as ProCap Financial, described as a bitcoin-treasury company, with up to $1 billion in bitcoin on its balance sheet at the close of the proposed combination.ProCap Financial will be led by Anthony Pompliano.Write to Denny Jacob at [email protected]