币界网报道：Columbus Circle Capital Corp., a special purpose acquisition company (SPAC), announced plans to merge with ProCap BTC LLC, a cryptocurrency-focused investment firm, in a deal that would create a publicly traded entity targeting digital asset opportunities. The combined company aims to leverage ProCap's expertise in blockchain and crypto investments alongside Columbus Circle's access to public markets. ProCap BTC currently manages a portfolio including Bitcoin mining operations, decentralized finance (DeFi) projects, and blockchain infrastructure investments. The merger terms include an estimated $250 million valuation for ProCap, with Columbus Circle providing up to $100 million in funding through its SPAC trust. Executives highlighted growing institutional interest in crypto assets as key motivation for the deal, noting plans to expand mining capacity and stake in proof-of-stake networks post-merger. The transaction is expected to close in Q4 2023 pending shareholder and regulatory approvals, with the new entity planning to trade on the Nasdaq under a yet-to-be-determined ticker symbol. Industry analysts suggest this marks continued SPAC interest in bringing crypto-native businesses to public markets despite recent sector volatility.