ProCap BTC, LLC, a Bitcoin-centric financial services firm, has expanded its digital asset portfolio by acquiring an additional 1,208 bitcoins at a time-weighted average price (TWAP) of $105,977, according to a recent GlobeNewswire release. This strategic purchase elevates the company’s total bitcoin holdings to 4,932 coins, reinforcing its commitment to long-term accumulation of cryptocurrency assets.
The acquisition aligns with ProCap BTC’s ongoing capital deployment strategy, aimed at providing equity investors with direct exposure to bitcoin from the outset of its self-financing operations. The firm’s aggressive accumulation approach underscores its confidence in bitcoin’s role as a core asset on its balance sheet.
Following a previous acquisition of 3,724 bitcoins valued at approximately $3.865 billion, ProCap BTC anticipates that the value of its bitcoin reserves will surpass $1 billion post-merger. This move highlights the growing institutional adoption of bitcoin within corporate treasury management frameworks.