what's Columbus Circle Capital Corp I?
Columbus Circle Capital Corp I is a blank check company, also known as a Special Purpose Acquisition Company (SPAC), formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on high-growth opportunities in sectors such as artificial intelligence, sports, media and entertainment, healthcare, energy transition, mining, and cryptocurrency. Affiliated with Cohen & Company, a financial services firm, it provides access to global networks for potential targets ready to go public. The company completed its initial public offering on Nasdaq under the ticker BRR and is currently pursuing a business combination with ProCap BTC, LLC, founded by Anthony Pompliano, to form ProCap Financial, Inc. This merger aims to create a publicly traded bitcoin-native financial services firm with a bitcoin-denominated balance sheet, holding significant bitcoin reserves and offering services tailored to the cryptocurrency ecosystem. The structure allows investors exposure to bitcoin appreciation while building a modern financial services platform.
Columbus Circle Capital Corp I holds 4,950 bitcoin, valued at $445M as of Dec 8.
Accelerated share buybacks on February 25, 2026, and committed to continue aggressive share repurchases while trading at a discount to NAV.
The company currently holds 4,950 bitcoin worth approximately $445 million at current prices.
The company will hold 4,950 bitcoin after closing the deal, making it the 21st largest holder of bitcoin in public markets.
$BRR shareholders voted to approve the ProCap BTC business combination, expected to close on December 5, 2025.
$BRR will join the Bitcoin treasury race in the next few weeks along with $CEP and $CEPO.
The S-4 form for ProCap BTC's business combination with $BRR went effective over the weekend, advancing the transaction toward closing after SEC review.
ProCap Financial announces two new board directors: Bill Koutsouras as Lead Independent Director and Chair of Audit Committee (previously served on $GLXY board in same roles), and Bill Four as board member.
ProCap Financial raised over $750 million from traditional finance and bitcoin investors and entered a Business Combination Agreement with NASDAQ-listed Columbus Circle Capital Corp I ($BRR). The company announces complete C-suite team including CIO Jeff Park, COO Megan Pacchia, CLO Kyle Wood, CFO Renae Cormier, and board nominee Eric Jackson with additional board announcements expected this week.