Latest news with #Pompliano
Yahoo
3 days ago
- Business
- Yahoo
Anthony Pompliano Is Buying Opendoor Stock. Should You?
Opendoor (OPEN) remained in focus on Aug. 13 after Anthony Pompliano, an influential crypto investor, said he has loaded up on shares of the digital real estate company. In a X post on Wednesday, the blockchain evangelist said he 'looks forward to participating in the conversation about how Opendoor can accelerate business and transform the residential real estate market.' More News from Barchart Why This Cannabis Penny Stock Could Be Wall Street's Next Meme Trade Breakout Apple Stock Is Gaining Momentum, Is AAPL Stock a Buy? Peter Thiel-Backed Bullish Is About to IPO. Should You Buy BLSH Stock? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Opendoor stock has recently been in favor with meme stock enthusiasts. The retail frenzy pushed it from $0.50 to nearly $3 in July. However, it has pulled back since then and is currently trading near $2.40. Could Pompliano's Investment Boost Opendoor Stock? Pompliano's investment in OPEN shares is significant because it injects credibility, visibility, and momentum into the narrative. As a high-profile investor with a large following, his endorsement could amplify retail interest and validate the company's tech-driven real estate model. Last month, the founder of EMJ Capital – Eric Jackson – also said Opendoor stock could be the next Carvana (CVNA), adding the digital real estate stock could eventually be worth as much as $82. In a volatile market, such attention can attract fresh capital and speculative enthusiasm, especially among meme stock traders who thrive on social buzz and perceived insider conviction. Why OPEN Shares Remain Super Risky to Own Despite high-profile backings, investors should remain wary of investing in Opendoor shares here. Why? Because the Nasdaq-listed firm is grappling with revenue declines and profitability remains elusive. Plus, the company has significant debt that restricts it from scaling operations as well. In fact, had it not been for the recent meme stock rally, OPEN shares were destined for a reverse stock split just to remain list on Nasdaq. Wall Street Recommends Caution on Opendoor Technologies Note that the aforementioned concerns are not lost on Wall Street analysts either. According to Barchart, the consensus rating on Opendoor stock currently sits at 'Hold' only with the mean target of $1.11 indicating potential downside of more than 50% from current levels. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
India Today
10-07-2025
- Business
- India Today
Bitcoin rockets to a record high, just shy of $112,000. Here's why
Bitcoin reached a fresh all-time high on Wednesday, climbing close to the $112,000 mark as demand from institutional investors and a broader appetite for risk continued to drive momentum in the cryptocurrency world's most popular digital currency touched a new peak of $111,988.90 during the day and was last seen trading at $111,259, up 0.4%. Since the beginning of 2025, Bitcoin has gained more than 18%, making it one of the top-performing assets of the year so rally is being supported by several factors, including expectations of a rate cut in the United States, falling strength of the dollar, and a renewed interest from large financial firms that are now more comfortable investing in INTEREST ON THE RISEAnthony Pompliano, founder and CEO of Professional Capital Management, said in a note to investors that Bitcoin has become a safer bet as it grows in market size. 'Bitcoin is the only asset I am aware of where it becomes less risky as it grows in size,' he said, explaining that its trillion-dollar valuation now makes it suitable for big capital Bitcoin's market cap has crossed into the trillions, more institutional investors are entering the space. Large firms that once stayed away are now taking positions in digital assets, helping push prices higher.U.S. FED RATE OUTLOOK TRIGGERS RISK SENTIMENTThe recent surge in Bitcoin also followed the release of the U.S. Federal Reserve's June meeting minutes. Most policymakers signalled support for at least one interest rate cut in 2025, which sparked a risk-on mood in global markets. Investors see this as a positive sign for assets like Bitcoin that often benefit from easier monetary Patel, Co-founder and CEO of crypto investment platform Mudrex, said Bitcoin broke out of its consolidation phase and cleared key resistance levels following the Fed's update. He said that 'Bitcoin recorded a fresh all-time high of $122,022' and added that the weakening U.S. dollar made the cryptocurrency more U.S. dollar index dropped to its weakest level in 21 years when compared to its 200-day moving average, pushing many investors to shift to alternative stores of value like LOOKS AHEAD TO CPI DATA AND FED MEETINGPatel also pointed out that Bitcoin is now trading above $111,300, and if momentum continues, it could enter a price discovery phase—where prices move into uncharted territory with no clear resistance traders are now focusing on the U.S. inflation data due on July 11 and the Federal Reserve's upcoming policy decision. These two events could shape the next direction of the cryptocurrency boost for Bitcoin has come from recent pro-crypto moves in the U.S. political landscape. The Trump administration's friendly stance towards digital assets has added confidence among crypto suggest that Trump Media & Technology Group, led by members of the U.S. president's family, is preparing to launch an exchange-traded fund (ETF) that will invest in multiple cryptocurrencies, including Bitcoin, Ether, Solana, and Ripple. The firm has filed the necessary paperwork with the U.S. markets CRYPTOS FOLLOW BITCOIN'S LEADBitcoin's strong performance has lifted other digital assets as well. Ether, the second-largest cryptocurrency by market cap, jumped to a one-month high of $2,794.95 and was last trading 5.4% higher at $2, tied to crypto also saw gains. Strategy, the firm co-founded by Michael Saylor, an early Bitcoin advocate, rose 4.7% to $415.41, while trading platform Coinbase Global advanced 5.4% to $373.85.- Ends advertisement
Yahoo
23-06-2025
- Business
- Yahoo
Anthony Pompliano strikes deal to create publicly-traded Bitcoin treasury company
Crypto investor and financial influencer Anthony Pompliano's Bitcoin-native financial service company has made plans to go public via a special-purpose acquisition company (SPAC). ProCap BTC will merge with Columbus Circle Capital Corp. I, a SPAC affiliated with financial services firm Cohen & Company Inc, according to a statement from Columbus Circle on Monday. As part of the agreement, the new company formed through the merger—ProCap Financial—will be headed by Pompliano, and establish a treasury with up to $1 billion in Bitcoin once the merger closes. The Bitcoin treasury will be used to generate revenue and profit through various strategies, according to the statement, although it did not disclose exactly what those would be. ProCap Financial plans to list on the Nasdaq after gaining regulatory approval from the Securities and Exchange Commission, Constantine Karides, chief legal counsel on the deal, told Fortune. 'Our objective is to develop a platform that will not only acquire Bitcoin for our balance sheet, but will also implement risk-mitigated solutions to generate revenue and profits from our Bitcoin holdings,' Pompliano said in a statement. Ahead of the merger, ProCap BTC and Columbus Circle Capital Corp. have raised more than $750 million in equity and debt financing from investors, including crypto prime brokerage FalconX, financial services company and investment company Off The Chain Capital. The merger announcement along with its crypto investment ambitions comes as a growing number of companies move to establish their own Bitcoin treasury. The trend was pioneered by Michael Saylor's Strategy, formerly Microstrategy, a veteran software company that pivoted to Bitcoin buying in 2020. Since then, the company has acquired nearly 600,000 Bitcoins, worth over $60 billion at its current price. Over the past five years, Strategy's stock price has increased more than 3,000% as the value of Bitcoin continues to appreciate. In April, Cantor Fitzgerald announced a plan to use a SPAC to create a Bitcoin acquisition company called Twenty One Capital in partnership with three other companies. Last month, the company behind President Donald Trump's social media platform Truth Social, Trump Media and Technology Group, announced a plan to buy $2.5 billion worth of Bitcoin. Even GameStop, the embattled video game retailer, has pivoted its investment strategy to include Bitcoin acquisitions. This story was originally featured on
Yahoo
23-06-2025
- Business
- Yahoo
Anthony Pompliano's ProCap to Go Public in $1B Bitcoin Treasury SPAC Deal
Anthony Pompliano is taking his bitcoin-native financial platform ProCap BTC public through a $1 billion merger with Columbus Circle Capital Corp. I (CCCM), a special-purpose acquisition company (SPAC) sponsored by an affiliate of Cohen & Company. The transaction, announced Monday, positions the new entity, ProCap Financial, Inc., as one of the largest bitcoin treasuries ever to hit public markets. In what's being called the largest initial fundraise for a public bitcoin BTC treasury company to date, ProCap raised $550 million in preferred equity and secured $225 million in convertible notes, giving future shareholders immediate exposure to bitcoin through a structure designed to acquire BTC ahead of the deal's close. Led by Pompliano, a well-known investor and vocal bitcoin advocate, ProCap aims to operate at the intersection of digital assets and traditional finance. The company plans to generate profit not just by holding BTC but by actively deploying its bitcoin balance sheet across yield-generating strategies that mitigate risk and capitalize on crypto-financial infrastructure. "The legacy financial system is being disrupted by bitcoin," Pompliano said in a statement. "ProCap Financial represents our solution to the increasing demand for bitcoin-native financial services among sophisticated investors." The merger values the combined entity at up to $1 billion, depending on the final bitcoin purchase price at closing. ProCap's BTC assets will be custodied until the transaction completes, giving investors near-instant BTC exposure without waiting for the company to go public. The transaction is expected to close before the end of 2025, pending SEC review and shareholder approval. The Financial Times first reported that Pompliano was set to become the CEO of ProCap BTC, and that the company was planning to raise $750 million to acquire (June 23, 14:40 UTC): Updates photo.
Yahoo
23-06-2025
- Business
- Yahoo
Wall Street Just Backed a $1B Bitcoin Power Play
Anthony Pompliano is making his biggest play yet. His financial firm, ProCap BTC, is merging with Columbus Circle Capital Corp. I (NASDAQ:CCCM)an SPAC sponsored by a Cohen & Co. subsidiaryto go public and pursue what could be a billion-dollar Bitcoin (BTC-USD) treasury strategy, that could reach up to $1 billion, if fully deployed.. The transaction is backed by $516.5 million in non-voting preferred units via private placement and $235 million in zero-coupon convertible bonds. If completed, the listingslated for before the end of 2025could mark one of the largest institutional Bitcoin holdings outside of Strategy (NASDAQ:MSTR). This move isn't happening in a vacuum. Pompliano is following a path paved by Michael Saylor, whose firm sits on over $60 billion in Bitcoin. He's not alone. In April, Twenty One Capitalbacked by Tetherlocked in $585 million through a SPAC merger with Cantor Equity Partners. And in May, Strive Asset Management, co-founded by Vivek Ramaswamy, signed a reverse merger with Asset Entities Inc. to form another Bitcoin treasury company, with PIPE funding that could raise up to $1.5 billion. What makes Pompliano's push different is the bridge he's buildingbetween Bitcoin's diehards and Wall Street's power players. We feel very fortunate to have the support of both the Bitcoin community and the traditional Wall Street players, he told Bloomberg. The investor list proves it: Magnetar Capital, Woodline Partners LP, Anson Funds, and are in. With a media presence reaching millions, Pompliano may be positioning ProCap BTC as more than just another crypto playit could be Wall Street's next high-conviction bet on digital gold. This article first appeared on GuruFocus.
