ProCap, a Bitcoin finance company, has announced the acquisition of 3,724 Bitcoins at an average price of $103,785 per Bitcoin, totaling approximately $387 million. The company plans to expand its Bitcoin holdings to $1 billion following a merger with a Special Purpose Acquisition Company (SPAC), expected to conclude by the end of 2025. This strategic move underscores ProCap's commitment to increasing its cryptocurrency assets.