Anthony Pompliano’s programrecently shared updates to its progress and valuation metrics. PROCAP has entered into a $1 billion business merger agreement with Columbus Circle Capital Corp 11 (CCCM).
As part of the deal, Procap has raised more than $750 million and has deployed more than $500 million in buying Bitcoin
accumulating 4,950 BTC of treasury. This makes Procap the 13th largest public holder of Bitcoin in the world.
The data and analysis provided by Pompliano are directly from Procap and refer to the implicit multiple net worth values (MNAV) Premium.
According to Procap’s analysis, compared with peers like Cantor Equity Partners (CEP) At 2.2 times. The multiple multiples of low MNAV suggest that Procap BTC LLC may be undervalued relative to other Bitcoin Treasury companies.
An important feature of the proposed business portfolio is the redemption rights of CCCM shareholders. Investors holding CCCM shares will be entitled to exchange their shares for cash held in the trust fund as of the date of the special meeting of the approval of the business portfolio.
By the end of the CCCM IPO in May, the Pro Rata Trust is expected to be worth about $10 per share. If the trust value is held at about $10, the maximum loss for investors is about 55 cents per share.
However, if the implicit procap implicit MNAV premium will rise to match Cantor Equity Partners’ Premium (2.2 times)the stock price after trading is about $17.82 per share.
Read more: Anthony Pompliano’s Procap BTC bought $128 million in Bitcoin the day after purchase
