- ProCap BTC boosts institutional Bitcoin adoption with a $386M buy, aiming for $1B as it prepares to go public via SPAC.
- Pompliano’s ProCap plans major BTC accumulation, reflecting growing corporate conviction in Bitcoin as a core treasury asset.
- Aurora Mobile adopts a forward-looking crypto strategy, allocating 20% of its treasury to diversify and modernize asset management.
ProCap BTC, led by Anthony Pompliano, has acquired 3,724 Bitcoins worth $386 million at an average price of $103,785. The purchase instantly gained value, now nearing $400 million due to Bitcoin’s swift appreciation. This aggressive acquisition comes just a day after ProCap announced its intention to go public via a SPAC merger with Columbus Circle Capital. The move underscores a broader trend of corporate treasury diversification into digital assets, as institutional confidence in Bitcoin continues to soar.
Moreover, ProCap revealed its plans to purchase up to $1 billion worth of Bitcoin as part of its treasury strategy. The firm’s bold step positions it among the top corporate holders of BTC. If it were public today, ProCap would rank 14th globally in Bitcoin holdings, just behind Semler Scientific.
Strategic SPAC Merger Amplifies Bitcoin Commitment
The merger with Columbus Circle Capital is a critical element of ProCap’s public market entry. This SPAC transaction involves over $750 million in capital, including $516 million in equity and $235 million in convertible notes. The strategy allows ProCap to accelerate its Bitcoin acquisition while offering investors direct exposure to digital assets via a publicly traded company.
“If you can’t beat it, you have to buy it,” Pompliano said, framing Bitcoin as a benchmark asset in addition to the financial inflow. This declaration reaffirms the business’s dedication to Bitcoin as a fundamental store of value. In a developing digital economy, the acquisition of Bitcoin thus signifies tactical asset rotation and long-term conviction.
Aurora Mobile Embraces Crypto for Treasury Diversification
Meanwhile, China’s Aurora Mobile also announced a treasury pivot toward digital assets. The company will allocate up to 20% of its cash to assets like Bitcoin, Ethereum, and Solana.
The firm aims to optimize asset value while remaining liquid and operationally agile. CEO Weidong Luo highlighted the low correlation of crypto with traditional assets. Consequently, Aurora sees this move as a strategic bridge between finance and innovation.
Additionally, the firm emphasized that this investment won’t affect its operational growth plans. Instead, it marks a modernization of treasury management and long-term shareholder value creation.
