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
Location
United States
Transaction Type
Buyout

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