@VirginBTC @balls_capital I am a big truth seeking guy. I don't care about political parties and am well known for being independent.
Larry Fink, Paul Tudor Jones, and Stanley Druckenmiller are now saying the same things as your crazy libertarian uncle about Bitcoin.
When Wall Street legends start sounding like bitcoin Twitter, you know something fundamental has shifted.
Full thoughts here:
The 4,950 bitcoin held by ProCap BTC LLC is now worth ~ $550 million based on today's price.
I am excited about the proposed business combination with Columbus Circle Capital Corp 1 $CCCM.
I believe bitcoin is the new hurdle rate.
If you can't beat it, you have to buy it.
$111,000 for one bitcoin.
You love to see it.
From the Desk of Anthony Pompliano
0:00 The Fears Of Recession Are Now Gone
1:20 Are We Running Out Of Bitcoin?
2:40 The Bitcoin Invasion Of Wall Street Is Just Starting
5:19 Interview with @NewsLambert on Housing
Enjoy!
Bitcoin is the story of our generation.
Bitcoin is the new hurdle rate.
If you can't beat it, you have to buy it.
Bitcoin market cap: $220 billion
Bitcoin dominance: 63.9%
If you come at the King, you best not miss! 🙏🏽
Bitcoin just hit a brand new all-time high.
$112,000
Bitcoin is invading Wall Street.
And the traditional players want it to happen.
Bitcoin has no CEO, no employees, and no marketing budget.
No one even knows who the founder is.
Yet bitcoin is the only multi-trillion dollar asset created in the last 20 years.
This is only possible because of how good the bitcoin solution is for a very big problem.
The Bitcoin Conference kicked off in Las Vegas yesterday and there was a slew of news and announcements.
Here are some of my favorite moments 👇
Bitcoin is the new hurdle rate.
If you can't beat it, you have to buy it.
Dropping a new conversation with @Geo_papic later today.
His shares his thoughts on the US dollar, bitcoin, and various conflicts around the world.
Bitcoin is freedom technology.
Anthony Pompliano's ProCap BTC Transaction Currently Trading At One Of The Lowest Implied mNAV Premiums In The Market
---
A few weeks ago, I announced that my bitcoin treasury company, ProCap BTC LLC, entered into a definitive agreement for a $1 billion business combination with Columbus Circle Capital Corp 1 (Nasdaq: $CCCM). As part of the proposed business combination, ProCap BTC LLC raised more than $750 million.
My goal with this business is to continue acquiring as much bitcoin as possible. ProCap BTC, LLC has been able to use over $500 million from its initial capital raise to purchase bitcoin so far. The company now holds 4,950 bitcoin in total.
There are a number of other bitcoin treasury companies available in the market as well. I had our team pull together a comparison of some of the companies, including capital raised, bitcoin held, and the mNAV premium, based on or derived from publicly available information and incorporating certain assumptions about the identified companies, implied mNAVs and transactions (some of which have not yet closed).
Here is the analysis:
You can see from the graphic that ProCap BTC, LLC which, will merge with Columbus Circle Capital Corp 1 ($CCCM) to create ProCap Financial, Inc., the go-forward public company after the closing, has raised the second most amount of capital to buy bitcoin from this list. To our knowledge, we are also the second ranked company on the list behind Metaplanet when it comes to capital deployed to purchase bitcoin.
While those metrics are interesting, we believe the more important metric for most investors in the market is the mNAV premium. This number can assist investors in evaluating whether a company is cheap or expensive on a relative basis to peers.
The graphic shows that based on the companies and transactions included in our analysis, ProCap BTC LLC has the lowest implied mNAV at 1.3x. This is substantially lower than any other company on the list, making ProCap BTC LLC’s valuation the cheapest in the ranking based on the implied mNAV metric.
If that wasn’t good enough, a key aspect of ProCap BTC LLC’s deal is that investors in Columbus Circle Capital Corp 1 stock who buy and hold shares as of the record date for the CCCM special meeting to consider and approve the business combination will have the right to redeem their public shares for the pro rata value of the trust. The pro rata value of the trust is anticipated to be approximately $10.00 per share as of the closing of the CCCM initial public offering in May. It is also anticipated that the pro rata value of the trust could be higher on a per share basis at the closing of the transaction by following certain redemption procedures that will be outlined in a proxy statement to be filed with the SEC in connection with the transaction.
This means CCCM stock holders have approximately $0.55 per share of downside (based on the approximately $10.00 per share redemption price as of the closing of the CCCM initial public offering in May). But if CCCM’s mNAV were to expand to match the next cheapest stock, Cantor Equity Partners at 2.2x, then the stock would be trading at approximately $17.82 per share.
As our lawyers like to point out, there is no promise that ProCap BTC LLC and/or Columbus Circle Capital Corp 1 will see any mNAV expansion or that the deal or post-closing company will be successful. There is always risk associated with investing in companies, regardless of whether they are public or private. But it personally feels good to be involved in a deal that is presenting the cheapest mNAV entry price for public market investors.
There is a lot of hard work ahead to build a successful company. I am excited to tackle the challenge.
Bitcoin has officially hit a new all-time high.
Congratulations to all the bitcoiners who held through the volatility.
Onwards!
Bitcoin is the ultimate test of conviction for investors.
You either believe or you don't.
From the Desk of Anthony Pompliano
0:00 Intro
0:28 Why The US Dollar Comeback May Be Upon Us
4:56 Bitcoin ETF Makes More Than S&P 500 ETF
6:49 Even The Goats Get Humbled By The Market
Enjoy!
Blackrock is making more money from their Bitcoin ETF than their S&P 500 ETF.
Wall Street is about to go hard at embracing bitcoin to get their share of the profits.
I asked @Scaramucci what he thought about all the haters who clowned him for betting on bitcoin.
He gave them the Italian salute.
Everyone gets bitcoin at the price they deserve.
BlackRock's Bitcoin ETF drives more revenue than its S&P 500 fund.
Bitcoin has Wall Street's full, undivided attention now.
Binance founder @cz_binance says he is "extremely bullish" on bitcoin and crypto over the next decade.
The DOGE dividend sounds good, but we should use the savings to reduce federal income tax instead.
Americans don’t need refunds if the money never leaves their pocket.
From the Desk of Anthony Pompliano
0:00 Intro
0:28 #1 Financial Advisor In The U.S. Likes Bitcoin
3:22 Is This The End For Jerome Powell
7:21 Trump And Elon Are Fighting Again
10:00 Jeff Bezos $50 Million Wedding
Enjoy!
Bitcoin is the answer to undisciplined monetary and fiscal policy.
From the Desk of Anthony Pompliano
0:00 Intro
0:30 Bitcoin’s Volatility Is Coming Down
3:32 An Insane Story Of Obsession
8:19 The Social Security Tax Scam
Enjoy!
I sat down with @jvisserlabs to discuss stocks, bitcoin, and gold hitting new all-time highs, along with the implications of AI and why everyone is underestimating what is happening.
Enjoy!
TIMESTAMPS:
0:00 - Into
1:17 - Why asset prices are hitting all-time highs
3:45 - AI acceleration as a theme for next decade
10:36 - How investors can get exposure to humanoid robots
14:22 - Impact of AI agents
21:14 - Government pressure on the Fed
25:17 - Financial mindset of the younger generation
32:42 - Why bitcoin will continue to go higher
37:28 - Mr Beast AI thumbnail scenario
43:19 - Where to follow Jordi
Bitcoin’s volatility is coming down, but @EricBalchunas points out the largest pools of capital are now interested in investing.
Do you think this is a good thing?
Bitcoin new all-time high ✅
Gold new all-time high ✅
Nasdaq new all-time high ✅
S&P 500 new all-time high ✅
The prophecy is fulfilled.
Fiat monetary policy responds to the world.
Bitcoin monetary policy makes the world respond to it.
The former defined the past, the latter defines the future.
Bitcoin is going to a gazillion dollars.
The economy is about to be run HOT, HOT, HOT!!
Bitcoin is going to a gazillion.
We are exactly 2 days away from Bitcoin Investor Week in NYC.
Speakers include:
@SenLummis
@VivekGRamaswamy
@novogratz
@CathieDWood
@JanvanEck3
@Scaramucci
@adam3us
@CaitlinLong_
@jackmallers
@natbrunell
@samcallah
@DTAPCAP
@MarkYusko
@jvisserlabs
@MartyBent
@jameslavish
@gerovich
@SemlerEric
@ashergenoot
@JasonLes_
@fgthiel
@ztownsend
@TimKotzman
@ColeMacro
and many, many more.
This is going to be an insane week of unique insights, great people, and special experiences.
TICKETS:
See you all there :)
@gerovich Save some bitcoin for the rest of us
Bitcoin is the free market solution to one of the hardest problems of our lifetime:
How do you protect your hard-earned economic value while your government debases your currency?
Bitcoin is the most important finance story of our lifetime.
From the Desk of Anthony Pompliano
0:00 Intro
0:35 Stocks, Bitcoin, and Gold Are All Going Higher
3:00 Buying A Home With Bitcoin
5:19 White House Interview with Steve Miran
Enjoy!
We have purchased another 1,208 bitcoin.
The average price was ~ $105,977 per bitcoin. We now hold a total of 4,932 bitcoin.
We believe bitcoin is the new hurdle rate.
If you can’t beat it, you have to buy it.
Full press release here:
The ~ 4,932 bitcoin we hold is worth ~ $530 million.
Bitcoin is the new hurdle rate.
If you can't beat it, you have to buy it.
$CCCM
We have purchased another 1,208 bitcoin.
The average price was ~ $105,977 per bitcoin. We now hold a total of 4,932 bitcoin.
$CCCM is one of the few bitcoin treasury companies that recently raised capital with the ability to offer equity investors exposure to bitcoin now instead of waiting to buy bitcoin later.
We believe bitcoin is the new hurdle rate.
If you can’t beat it, you have to buy it.
Full press release here:
Many of the bitcoin treasury companies have raised large sums of money, but they are not able to purchase bitcoin yet.
These deals have funding that is contingent on closing.
For my deal, we were able to design a structure that allowed ProCap BTC, LLC (private company) to accept the funding immediately and start buying bitcoin.
The bitcoin sits in escrow until the closing of the proposed business combination.
Small detail but an important one.
$CCCM is one of the few bitcoin treasury companies that recently raised capital with the ability to offer equity investors exposure to bitcoin now instead of waiting to buy bitcoin later.
We have purchased 3,724 bitcoin so far through our on-going bitcoin purchase program.
Bitcoin is the new hurdle rate.
If you can't beat it, you have to buy it.
We filed an 8-K today for the proposed business combination between ProCap BTC, LLC and Columbus Circle Capital Corp, which will create the publicly listed ProCap Financial at the closing of the deal.
Here is the deck we included. $CCCM
@saylor Bitcoin is relentless.
Everyone was scared and crying in April, but I told you we would see all-time highs before the end of 2025.
Bitcoin new all-time high ✅
Gold new all-time high ✅
Nasdaq new all-time high ✅
Stop listening to pessimists.
@saylor Save some bitcoin for the rest of us
We have purchased 3,724 Bitcoin.
This purchase happened within one day after announcing a $1 BILLION merger and over $750 million fundraise.
The average price was ~ $103,785 per bitcoin.
We believe bitcoin is the new hurdle rate.
If you can’t beat it, you have to buy it.
$CCCM
Full press release here:
Bitcoin's last 12 months:
Price: +1,000%
Sharpe: 5.18
90 day correlation: 0.21
Bitcoin is an asymmetric, non-correlated asset that reduces the overall risk of your portfolio.
Not financial advice, but the real risk is in having zero exposure.
Build nuclear. Buy bitcoin. Create housing. Secure the border. Encourage innovation. Avoid new wars. Let people speak freely.
The blueprint is simple.
Bitcoin is trading below $100,000 right now.
People who understand the asset get excited when it goes down.
People want to spend stablecoins because they will be less valuable in the future, but they want to save bitcoin because it will appreciate over time.
This is a big reason why we announced ProCap Financial this morning, a new bitcoin treasury company.
Enjoy!
I sat down with @jvisserlabs to discuss why the Fed did not cut interest rates, how to think about inflation, Israel & Iran, how big bitcoin can get, AI, and Jordi's current market outlook.
Enjoy!
TIMESTAMPS:
0:00 - Intro
1:15 - How much will bitcoin be worth?
10:36 - Economic data and the Fed’s decision to not cut rates
19:33 - Legislation and the rise of stablecoins
31:24 - The power of AI and Perplexity
39:25 - Navigating Israel and Iran conflict
46:43 - Market outlook
Bitcoin went from $0 in market cap to $2 trillion in ~ 15 years.
Just insane.
Today I am announcing a $1 BILLION merger to create ProCap Financial, a bitcoin-native financial services.
The company will be a publicly traded entity on Nasdaq at the conclusion of the proposed business combination between my private company ProCap BTC, LLC and Columbus Circle Capital Corp I, a publicly traded SPAC.
The ticker for the publicly traded entity right now is $CCCM.
As part of the business combination, I have raised over $750 million, which is the largest initial fundraise in history for a publicly-traded bitcoin treasury company.
We are fortunate to have raised this capital from some of the leading institutional investors on Wall Street, along with many of the top crypto investors globally.
ProCap Financial will focus on acquiring bitcoin for its balance sheet, while also developing products and services to produce revenue and profit from the bitcoin on our balance sheet over time.
It is time to get to work.
Bitcoiners have been right about a lot of things.
Bitcoin is the new hurdle rate.
$CCCM
The largest initial fundraise in history for a public bitcoin treasury company.
At the closing of the proposed business combination, the combined company will operate as ProCap Financial, Inc., with up to $1 billion in bitcoin on its balance sheet.
Entities in the proposed transaction raised $516.5 million in equity and $235 million in convertible notes.
$CCCM
Other countries outside the United States are focused on acquiring bitcoin.
They don’t see any altcoins having national importance.
From the Desk of Anthony Pompliano
0:00 Intro
0:30 I Raised $750 Million For A New Company
2:37 Why Everyone Wants Stablecoins
4:09 Coatue: Bitcoin becoming “More Central” To Portfolios
7:25 Man Makes 6 Figures For Reporting Car Idling
Enjoy!
Coatue believes bitcoin is becoming "more central" to institutional investors' portfolio.
Bitcoin is sound money, so it naturally will seep into every corner of the financial system.
@saylor Thank you, Michael.
Your idea is spreading globally as people realize the value of bitcoin.
Bitcoin is eating the world.
Bitcoin is infiltrating Wall Street.
Peter Schiff has capitulated.
He says he "gets bitcoin" now.
Imagine predicting bitcoin in 1999
Peter Thiel did it.
Former Congressman Patrick McHenry says bitcoin has crossed the rubicon in Washington DC.
The politicians are all-in on the orange coin.
From the Desk of Anthony Pompliano
0:00 Intro
0:29 Retail Investors Are Plowing Capital Into The Market
3:44 Bitcoin Is Infiltrating Washington D.C.
8:43 Palmer Luckey Breaks Down The Curse Of Success
Enjoy!
Bitcoin doesn't care about Microsoft, but eventually Microsoft will care about bitcoin.
I sat down with @PatrickMcHenry to discuss bitcoin, stablecoins, tokenization, regulation, and where he sees the crypto industry going in the next decade.
Enjoy!
TIMESTAMPS:
0:00 - Intro
1:06 - Bitcoin infiltrating Washington DC
5:29 - The rise of bitcoin treasury companies
6:40 - Stablecoin bill and market structure bill
15:46 - How does tokenization play out?
18:43 - Role of politicians and lawmakers and what needs to happen
26:52 - Advice for founders and builders
29:51 - Mission of Ondo Finance
34:12 - “Crypto is here to stay”
Once you understand bitcoin is the new bonds, everything starts to make a lot more sense.
I sat down with @jvisserlabs to talk about Israel, Iran, what it means for the stock market, bitcoin, oil, gold, AI stories of the week, inflation coming in weaker, and what Jordi is excited about through the end of the year.
Enjoy!
TIMESTAMPS:
0:00 - Intro
1:00 - Market reaction to Iran and Israel
5:37 - Impact on different types of assets
8:09 - Oracle and AI boom
11:05 - China and US “trade deal”
16:22 - Inflation data reaction
24:25 - Ethereum, stablecoins, and crypto industry
29:47 - What is Jordi worried about right now?
31:54 - Bitcoin short squeeze coming?
Bitcoin is relentless.
Oil up.
Gold up.
Bitcoin down.
Initial reaction follows exactly what happened when Iran shot 300 missiles at Israel.
Bitcoin ended up outperforming the other two over the first 48 hours in that situation.
Will be interesting to see what happens here.
Oh no, bitcoin has crashed to prices not seen since….last week.
From the Desk of Anthony Pompliano
0:00 Intro
0:30 Investing in America - $1,000 For Every Newborn
5:29 The New SEC Chief Likes Bitcoin & Crypto
7:08 The Robot Revolution Is Coming Fast!
Enjoy!
From the Desk of Anthony Pompliano
0:00 Intro
0:27 Money Printing Will Push Stocks & Bitcoin Higher
2:19 Why The World Wants Bitcoin & Dollars
Enjoy!
Money printing is pushing stocks and bitcoin higher, but bonds are getting crushed.
You must understand this to navigate moving forward.
You know bitcoin is going to $1 million one day because Ray Dalio is writing articles on Civil War.
People around the world want bitcoin and stablecoins.
I went on @SquawkCNBC this morning to talk about Circle's IPO, the rise of stablecoins, why @Tether_to is such a good business, and whether bitcoin will continue winning.
Enjoy!
I sat down with @jvisserlabs to talk about this week's current events:
- Elon Musk vs Donald Trump
- economists don't believe the inflation data
- bitcoin is coiling for a short squeeze
- Circle IPO went very well
- Stablecoins reveal an important truth
- How portfolios will change with AI
- Stock all-time high by end of year
Enjoy!
TIMESTAMPS:
0:00 - Intro
1:09 - Elon Musk vs Donald Trump
7:01 - Evaluating economic data
10:21 - Crypto & bitcoin outlook
18:08 - Circle IPO & stablecoins
20:30 - Expectations for the new digital economy
25:40 - Impact of AI on investing portfolio
33:54 - Will stocks still hit all-time highs?
40:02 - Where to follow Jordi
Bitcoin exported the American dream to anyone in the world.
I sat down with @DariusDale42 to learn what investment assets are likely to be the best assets to hold during the 4th Turning.
We also break down what is happening with government spending, why Elon Musk is frustrated, and how foreign countries like China are trying to capitalize on this moment.
Enjoy!
TIMESTAMPS:
0:00 - Intro
0:39 - Reaction to Elon Musk & spending bill
2:07 - Both parties keep spending
3:12 - Could DOGE even fix the problem?
5:57 - What is China, Europe & Japan doing?
13:12 - Gold, bitcoin, and stocks are winning
Bitcoin's compound annual growth rate over the last 10 years is 85%.
Insane.
Bitcoin is coming to the bond market.
This is one of the largest pools of capital in the world and now they want decentralized sound money.
I sat down with @JohnPompliano to discuss bitcoin bonds, hash-rate, the US buying bitcoin, current stock market, why so many people missed the last rally, what it means for your portfolio, and how bitcoin and stocks could perform the rest of the year.
Enjoy!
TIMESTAMPS:
0:00 - Intro
0:29 - What is a bitcoin bond?
6:41 - Are all countries going to have bitcoin strategic reserve?
15:35 - Bitcoin hashrate hits all-time high
19:49 - May was historical month for stocks
32:31 - Will stocks hit all-time highs this year?
From the Desk of Anthony Pompliano
0:00 Intro
0:28 Bitcoin Is A Magnet For Capital
5:08 The Man Who Called Out The Market Bears
Enjoy!
I sat down with @jvisserlabs for our weekly conversation to discuss bitcoin bonds, why countries are buying bitcoin, pace of AI innovation, recent tariff court rulings, and how it all impacts your portfolio.
Enjoy!
TIMESTAMPS:
0:00 - Intro
1:06 - What are BitBonds?
7:25 - Evaluating Strategy’s playbook
9:51 - Is tokenization a foregone conclusion?
12:51 - What is going on with tariffs?
19:02 - What “The One Big Beautiful Bill” changes
23:51 - Impact on financial assets
26:53 - Veo 3 glimpse into the future
35:37 - What is the best AI investing play?
38:00 - Stock market and bitcoin outlook
Capital flows to where it is treated best, which is why bitcoin is the ultimate magnet for capital.
From the Desk of Anthony Pompliano
0:00 Intro
0:32 US Dollar Is More Popular Than Ever
3:05 Elon Wants To Send Tesla Optimus To Mars
5:07 Pakistan Announces Strategic Bitcoin Reserve
6:30 Tech Product Recommendation Of The Week
8:23 Biggest Mistake Investors Make
Enjoy!
Pakistan just announced a Strategic Bitcoin Reserve.
Eventually every country will have one.
From the Desk of Anthony Pompliano
0:00 Intro
0:33 Trump’s Tariffs Blocked By Federal Judge
3:32 Hailey Bieber’s $1 Billion Exit
5:22 Exclusive Interview: Inside DOGE
Enjoy!
From the Desk of Anthony Pompliano
0:00 Intro
0:33 The Money Printer Will Send Bitcoin Higher
3:17 Big Beautiful Bill Controversy
6:17 Bitcoin Is Taking Over Finance
10:26 Insane New AI Video From VEO 3
Enjoy!
DOGE was the most inspiring government effort in my lifetime.
It made working in government high-status for my smartest friends.
It is disappointing to see how hard the bureaucracy fought to prevent them from succeeding.
@fed_speak Oh stop it. There were politicians literally standing outside buildings grandstanding for the cameras demanding that DOGE stopped working.
I hope you’re not dumb enough to argue government spending is efficient.
Bitcoiners realized the problem with the national debt long before most others.
They also understood how to allocate their capital to benefit from the inevitable currency debasement.
History books will be kind to those who saw the future and had the courage to act early.
I sat down with @JohnPompliano to discuss bitcoin, the bitcoin conference in Las Vegas, bitcoin treasury companies, macro environment, inflation, timeless investing principles, and how this all impacts your portfolio.
Enjoy!
TIMESTAMPS:
0:00 - Intro
0:38 - Bitcoin
9:27 - DJT buying $2.3B of bitcoin
19:35 - Public markets & DOGE
35:24 - Bitcoin treasury companies
There are a lot of big announcements coming this week for bitcoiners.
The next few days should be interesting
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