ProCap BTC and Columbus Circle Capital Corp. I Combine to Create ProCap Financial
June 23, 2025
ProCap BTC, a bitcoin-native financial services firm, entered into a definitive agreement to merge with Columbus Circle Capital Corp. I (a SPAC sponsored by a controlled subsidiary of Cohen & Company). The resulting public company will operate as ProCap Financial, backed by up to $1 billion in bitcoin on its balance sheet following a large equity and convertible notes fundraising.
- Buyers
- ProCap BTC, Columbus Circle Capital Corp. I (CCCM), Cohen & Company (SPAC sponsor via controlled subsidiary)
- Targets
- Columbus Circle Capital Corp. I (CCCM), ProCap BTC
- Platforms
- ProCap BTC
- Industry
- Financial Services
- Location
- United States
- Transaction Type
- Buyout
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