Anthony Pompliano plans to launch a Bitcoin investment tool and aims to raise $750 million.

BlockBeats reports that on June 13, according to the Financial Times, cryptocurrency entrepreneur Anthony Pompliano is reportedly planning to launch a new Bitcoin investment vehicle, aiming to raise $750 million. Pompliano is expected to serve as the CEO of ProCapBTC. ProCapBTC is a Special Purpose Acquisition Company (SPAC) that plans to merge with the publicly listed Columbus Circle Capital 1.

It is reported that under Anthony Pompliano's leadership (discussions are still ongoing), ProCapBTC will aim to raise $500 million in equity financing along with $250 million in convertible debt through its merger with Columbus Circle Capital 1. Columbus Circle Capital 1 is backed by investment bank Cohen & Company. The ProCapBTC deal could be announced as early as next week, but the specific terms have yet to be finalized.