ProCap BTC gains over $60 million in under 90 days on Bitcoin holdings, strengthens executive team, and advances SEC filing for business combination.
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| ProCap BTC reports major growth with $60M Bitcoin appreciation and key executive hires, aligning with SEC merger progress and long-term strategy. Image: CH |
New York, United States – September 19, 2025:
Bitcoin-native financial services firm ProCap BTC, LLC has announced significant progress in its business trajectory, including a $60 million appreciation in its Bitcoin holdings and the addition of key executives to support its growth.
The announcement follows ProCap Financial, Inc.’s filing of a Registration Statement on Form S-4 with the U.S. Securities and Exchange Commission (SEC) on September 18, marking a crucial milestone in the firm’s proposed business combination with Columbus Circle Capital Corp I, first revealed in June 2025.
As part of its strategic pre-merger positioning, ProCap BTC acquired approximately 4,950 Bitcoin at a time-weighted average price of $104,333.56. With Bitcoin trading at $117,619.71 as of September 17, the company’s holdings have appreciated by more than $60 million—an unrealized gain that highlights the firm's timely investment strategy.
Incentives are also aligned with shareholder interests. Under the transaction terms, BRR shareholders who retain their shares through the close of the business combination will be eligible to receive additional shares of ProCap Financial—provided Bitcoin’s price at closing exceeds the original purchase price.
Anthony Pompliano, CEO of ProCap BTC, stated, “This filing represents a significant milestone in advancing the Business Combination. Our goal is to build the leading bitcoin-native financial services firm. Shareholders who stay invested will be able to participate directly in Bitcoin’s upside through additional equity in ProCap Financial.”
Gary Quin, CEO of BRR, expressed similar optimism, saying, “The continued appreciation in Bitcoin and the evolution of ProCap BTC’s leadership under Anthony’s direction underscore the long-term value of this merger. Filing the Form S-4 brings us closer to completion.”
ProCap BTC has also made strategic hires to expand its leadership team. Megan Pacchia joins the company as Chief Operating Officer, bringing with her 14 years of experience from McKinsey & Company, where she served as a Partner in the Consumer Practice. She has advised Fortune 500 companies on enterprise transformation and operational excellence. Prior to her time at McKinsey, Pacchia held roles at Morgan Stanley and co-founded PubKey, a leading hub for Bitcoin enthusiasts.
In addition, Kyle Wood has been appointed Chief Legal and Compliance Officer. Wood has over 20 years of experience advising fintech companies, venture-backed startups, and institutional investors, particularly in the digital assets space. Before joining ProCap BTC, he was a Partner at Perkins Coie LLP and held senior legal roles in both public and private firms, specializing in regulatory matters related to emerging technologies like digital assets.
The company has also expanded its leadership in investment management with the addition of Jeff Park, who joined in August 2025 as Chief Investment Officer. Park previously led digital asset strategy at Bitwise Asset Management and was a Partner at Corbin Capital Partners, where he focused on multi-strategy hedge fund and credit investing.
Pompliano emphasized, “Megan and Kyle bring essential leadership and deep expertise in governance, operations, and digital assets. With this expanded executive team, ProCap BTC is well-positioned to scale operations, serve evolving client needs, and deliver long-term value.”
As momentum builds toward closing the business combination and Bitcoin continues its upward trend, ProCap BTC is solidifying its position as a leader in bitcoin-native financial services, with eyes firmly set on future growth and global impact.