List of Flash News about ProCap Financial
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2025-06-29 16:52 |
Corporate Bitcoin (BTC) Adoption Surges: ProCap Buys 3,724 BTC and Green Minerals Adds BTC to Treasury
According to @FarsideUK, corporate adoption of Bitcoin is accelerating with significant institutional moves. Anthony Pompliano's ProCap BTC has acquired 3,724 Bitcoin (BTC) at an average price of $103,785 per coin, initiating a treasury program that could reach $1 billion after its planned Nasdaq listing as ProCap Financial. The firm, which recently raised $775 million, views BTC as the new 'hurdle rate' for capital and intends to use its holdings for yield-generating strategies, as stated in their press release. In a similar trend, Norwegian deep-sea mining company Green Minerals (GEM) has begun a $1.2 billion treasury strategy by purchasing its first four BTC at approximately $105,000 each, citing it as a hedge against inflation. This move, however, triggered a nearly 20% selloff in GEM's stock, as reported by the source. These actions contribute to a growing list of over 245 public companies holding BTC, a 13% increase in the past month, signaling strong institutional support that could impact Bitcoin's long-term price stability. |