ProCap Financial will operate with up to $1 billion in Bitcoin on its balance sheet once the merger between ProCap BTC and Columbus Circle Capital Corp. I, closes.

Quotes that support claims

The two entities have formed a new company, ProCap Financial, focused on establishing a public Bitcoin treasury with up to $1 billion BTC in its balance sheet.

ProCap Financial will operate with up to $1 billion in Bitcoin on its balance sheet once the transaction closes.