ProCap BTC, the investment firm founded by Anthony Pompliano, has officially passed GameStop in Bitcoin holdings after 2 days of consistent purchases made on June 24 and 25, 2025. Pompliano shared the update himself on X (formerly Twitter), “We now hold more bitcoin than Gamestop. The race is on to acquire as many bitcoin as possible.”
Earlier today, Pompliano announced that his firm had bought an additional 1,208 BTC at an average price of $105,977 per coin, totaling roughly $128.02 million. This was just a few hours when it added 1,208 more Bitcoin at $105,977 each, costing $128.02 million. That brings the company’s total to 4,932 BTC, now worth over $532 million based on the current market price.
Meanwhile, GameStop started its own Bitcoin journey earlier this year. In May 2025, the company bought 4,710 BTC for about $495 million after raising $1.3 billion back in March to help fund the purchase. Earlier this month, GameStop also announced a $2.25 billion private offering to bring in more cash, with plans to grow its Bitcoin holdings even further. At the moment, Gamestop is just 222 BTC short of ProCap holding. It might not be a lot, but the number is still notable.
Just days before starting its Bitcoin buying spree. ProCap BTC announced a $1 billion merger with a public company called Columbus Circle Capital Corp. I (CCCM).
The new company is expected to be called ProCap Financial, Inc., after the merger, and will be listed on the stock market. This will allow everyday investors to get Bitcoin exposure just by buying shares.
Pompliano was able to fund the buy after raising over $750 million, which came from $516.5 million from selling shares and $235 million from convertible notes. These are loans that don’t earn interest but can later be turned into shares. The Bitcoin and funds are being held and managed by U.S. Bank National Trust.
However, the video game retailer has also disclosed in a new filing to the United States Securities and Exchange Commission (SEC) on Tuesday that it has raised another $450 million through sales of follow-up zero-coupon convertible notes. This brings the total funds raised to about $2.7 billion from the offering.
GameStop said the funds will be used for general business needs and for making investments, which include buying more Bitcoin. Although ProCap has the lead for now, the race is still long, and GameStop could catch up if it starts its own buying spree.
Also Read: Green Minerals and Panther Metals Make First Bitcoin Purchase
