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ProCap BTC LLC has appointed Jeff Park as Partner and Chief Investment Officer, joining from Bitwise Asset Management where he served as Head of Alpha Strategies. This appointment comes as ProCap BTC prepares for its business combination with Columbus Circle Capital Corp I (Nasdaq: BRR), after which it will be renamed to ProCap Financial.
The company, founded by Anthony Pompliano, aims to become a leading bitcoin-native financial services firm, focusing on providing profit-generating products and services for large financial institutions and institutional investors. The business combination includes a private placement of non-voting preferred units and convertible notes to qualified institutional investors.
Columbus Circle Capital Corp I (Nasdaq: CCCM) announced a ticker symbol change from "CCCM" to "BRR" effective July 31, 2025, in connection with its business combination with Anthony Pompliano's ProCap BTC LLC. The new ticker "BRR" stands for "Bitcoin Rate of Return," reflecting the company's vision to evaluate returns in Bitcoin terms.
The resulting entity, ProCap Financial Inc., aims to outperform Bitcoin by accretively acquiring more Bitcoin to increase its Bitcoin-per-share metric. The company's long-term goal is to evolve into a Bitcoin-native financial institution focused on yield-generating strategies and operating cash flows supporting the Bitcoin network.
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