Entrepreneur and investor Anthony Pompliano stated Tuesday that his newly launched Bitcoin (CRYPTO: BTC) treasury company designed a unique structure that allows it to buy the leading cryptocurrency immediately after raising funds.
What happened: Pompliano took to X, stating that several companies have raised large sums but cannot buy Bitcoin immediately because their funding is “contingent on closing” of the deals and mergers.
“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,” he added.