ProCap’s $1B Bitcoin Merger Sets Stage for Public Crypto Finance Giant

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A Cast of Heavyweight Investors Join the Crypto Parade

The deal has attracted top-tier institutional support from both bitcoin-native and traditional hedge funds, including:

  • Magnetar Capital

  • Woodline Partners LP

  • Anson Funds

  • RK Capital

  • Off the Chain Capital

  • Parafi

  • Blockchain.com

  • Arrington Capital

BSQ Capital Partners

  • FalconX

These firms are placing a collective bet that ProCap can bridge the chasm between decentralized digital assets and institutional-grade finance.

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Legal Architecture Behind the Billion-Dollar Blueprint

Reed Smith LLP’s deal team for ProCap included partners Constantine Karides, Katherin Geddes, and Lynwood Reinhardt.
Ellenoff Grossman & Schole LLP, representing Columbus Circle Capital, brought in Douglas Ellenoff, Stuart Neuhauser, Meredith Laitner, and Trevor Okamba.
Ogier’s offshore legal guidance came from Bradley Kruger and Natalie Bell, while Morgan Lewis’ equity and debt counsel included Rahul Patel and Kevin Shmelzer.