ProCap BTC announces an increase in holdings of 1208 bitcoins, bringing its total holdings to 4923 BTC

BlockBeats News: On June 25th, according to Globenewswire, American investor and entrepreneur Anthony Pompliano announced today that Bitcoin native financial services company ProCap BTC, LLC purchased 1208 bitcoins at a time weighted average price (TWAP) of $105977. At this point, the company's Bitcoin holdings on its balance sheet have reached 4932. This acquisition is part of the company's ongoing Bitcoin purchase plan. The company quickly used the funds raised from the contract to increase its holdings of Bitcoin, allowing equity investors to gain exposure to Bitcoin assets from the beginning of financing. As a long-term strategy, the company will continue to increase its holdings of Bitcoin assets, and it is expected that the value of Bitcoin holdings on ProCap Financial's balance sheet will reach $1 billion upon completion of the business merger. BlockBeats previously reported that ProCap BTC announced yesterday the purchase of 3724 bitcoins worth $386.5 million at an average price of $103785.