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1. A diversified financial services firm, similar to a smaller Fidelity or Charles Schwab.

2. Similar to the wealth and asset management divisions of a firm like Morgan Stanley or JPMorgan Chase.

3. A financial services company specializing in asset and wealth management, akin to a focused BlackRock or Vanguard with added wealth planning.

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• Investor Communications Solutions: Provides technology and services for regulated shareholder communications, including proxy materials and other regulatory documents, for public companies and financial entities.
• Capital Markets Solutions: Offers post-trade processing, global ledger, and other back-office operational platforms for broker-dealers, investment banks, and asset managers across various asset classes.
• Wealth Management Solutions: Delivers technology platforms and services to wealth managers and advisors, supporting client engagement, advisor workstations, and operational processes.

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Upon reviewing financial databases, "ProCap Financial" with the symbol BRR does not appear to be an identifiable publicly traded company. Therefore, specific real customer data cannot be retrieved.

However, assuming "ProCap Financial" is a hypothetical financial services firm, its name suggests a focus on professional capital management, likely serving institutional clients or high-net-worth individuals. Given the instruction to list customer companies if selling primarily to other companies, we will hypothesize that ProCap Financial operates as an institutional asset manager or provides specialized financial services to other large entities.

Based on this assumption, ProCap Financial would primarily sell its services to other companies or large institutional organizations. Its major customers would fall into the following categories:

• Public and Corporate Pension Funds: These entities manage significant retirement assets on behalf of employees and retirees. While the pension funds themselves are often not public companies, they represent vast pools of capital from major organizations.
  • California Public Employees' Retirement System (CalPERS)
  • Teacher Retirement System of Texas (TRS)
  • Major corporate pension plans (e.g., those associated with large public companies like General Motors Co. (NYSE: GM) or International Business Machines Corp. (NYSE: IBM))
• University Endowments and Charitable Foundations: These organizations manage long-term investment portfolios to support their educational or philanthropic missions.
  • Harvard Management Company (manages Harvard University's endowment)
  • Ford Foundation
• Insurance Companies: These firms manage substantial investment portfolios to cover their policyholder obligations, often relying on external managers for specialized expertise. Many are publicly traded companies.
  • MetLife, Inc. (NYSE: MET)
  • Prudential Financial, Inc. (NYSE: PRU)
  • Chubb Limited (NYSE: CB)

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Anthony Pompliano Chief Executive Officer

Anthony Pompliano is the founder of ProCap BTC, which is merging to form ProCap Financial, and has served as the CEO of Professional Capital Management since January 2022. He is recognized as a leading voice on Bitcoin globally and has invested in over 300 private companies. Previously, he co-founded and was a managing partner at Full Tilt Capital, which was acquired by Morgan Creek Digital Assets in 2018. He then served as a co-founder and managing partner of Morgan Creek Digital Assets from 2018 to 2020. Prior to his investment career, Mr. Pompliano held roles running product and growth teams at Facebook and served as a sergeant in the US Army. For ProCap Financial, he will receive a $1 annual salary, with 100% of his equity compensation tied to company performance milestones.

Renae Cormier Chief Financial Officer

Renae Cormier was appointed Chief Financial Officer of ProCap BTC, effective December 1, 2025, as the company prepares for its business combination to form ProCap Financial. She brings over 20 years of experience in accounting, finance, and investing. Ms. Cormier previously served as CFO at Semler Scientific, where she played a pivotal role in the company becoming the second U.S. publicly traded company to adopt Bitcoin as a standard reserve asset. Her background also includes a role as Partner at Aravt Global LLC, where she managed capital allocation across diverse industries.

Megan Pacchia Chief Operating Officer

Megan Pacchia joined ProCap BTC as Chief Operating Officer in September 2025, becoming part of the executive team that will lead ProCap Financial. She is a co-founder of PubKey, a recognized hub for Bitcoin enthusiasts and innovators. Ms. Pacchia holds an MBA from Harvard Business School and a bachelor's degree from Wesleyan University.

Jeff Park Chief Investment Officer

Jeff Park was appointed Chief Investment Officer of ProCap BTC in August 2025. In this role, he is responsible for leading the company's investment and capital markets strategy, as well as portfolio construction and risk management. Before joining ProCap BTC, Mr. Park served as the Head of Alpha Strategies and Portfolio Manager at Bitwise Asset Management, one of the world's largest crypto-specialist asset managers.

Kyle Wood Chief Legal and Compliance Officer

Kyle Wood joined ProCap BTC as Chief Legal and Compliance Officer in September 2025, bringing legal and compliance expertise to the executive team ahead of the formation of ProCap Financial.

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The public company ProCap Financial (BRR) faces several significant risks to its business, primarily stemming from its recent transition into a Bitcoin-native financial institution and its current financial state.

1. Liquidity Crisis and Going Concern Risk: ProCap Financial is currently experiencing a severe liquidity crisis. As of September 30, 2025, the company reported no cash and a working capital deficit of $4.26 million, indicating immediate challenges in meeting short-term obligations such as payroll and operational expenses. There is significant doubt about the company's ability to continue operations without securing additional funding, leading to a "going concern" warning in its recent 10-Q filing. The company has lacked revenue and positive cash flow, relying heavily on related-party financing to fund its operations.

2. Exposure to Bitcoin Volatility and Cryptocurrency Market Risks: ProCap Financial's business model is explicitly tied to Bitcoin, aiming to operate as a "Bitcoin-native" financial institution where its value is determined by its Bitcoin holdings and "Bitcoin-per-share" metrics. This makes the company highly susceptible to the extreme volatility of the cryptocurrency market. The absence of a strong operational business means its viability is almost entirely dependent on fluctuations in crypto prices, increasing its vulnerability during volatile market phases.

3. Lack of Operating History, Execution, and Regulatory Risks: Prior to its recent business combination, ProCap Financial operated as a "blank-check" SPAC with no material revenue or operating history. Its future success is contingent upon successfully implementing its Bitcoin treasury strategy and effectively accessing capital markets. Furthermore, the company faces substantial regulatory and market risks associated with operating in the volatile cryptocurrency sector, which is described as a "regulatory mindfield," and also challenges related to maintaining its stock exchange listing.

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ProCap Financial (BRR) operates within the burgeoning cryptocurrency financial services sector, offering bitcoin-native lending, trading, and investment solutions to both institutional and independent investors. The addressable markets for their main products and services, on a global scale, are substantial and projected to grow significantly.

Global Market Sizes for ProCap Financial's Key Products and Services:

• Crypto Lending Market: The global crypto-collateralized lending market, which includes centralized finance (CeFi), decentralized finance (DeFi), and collateral debt position (CDP) stablecoins, reached approximately $53.09 billion in Q2 2025. Another report indicates the global crypto-backed lending market size was valued at $7.8 billion in 2024, with a projection to reach $62.6 billion by 2033. The Bitcoin loan market specifically was valued at $8.89 billion in 2024 and is projected to grow to $59.44 billion by 2031.
• Crypto Trading Platform Market: The global crypto trading platform market is estimated at $54.1 billion in 2025 and is projected to reach $200.5 billion by 2035. Separately, the global cryptocurrency exchange platform market was valued at $33.42 billion in 2024 and is estimated to grow to $88.79 billion by 2033. Another estimate for the global crypto trading platforms market size was approximately $60.40 billion in 2024, with a projection to reach around $693.86 billion by 2034.
• Broader Cryptocurrency Market: The global cryptocurrency market size reached $2,492.7 billion in 2024 and is expected to reach $6,293.2 billion by 2033. A more recent estimate places the cryptocurrency market size at $4.87 trillion in 2025, with a projection to reach $18.15 trillion by 2030. The global Bitcoin market alone is expected to surpass $27.1 billion in 2024 and reach $220.3 billion by 2033.

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ProCap Financial (BRR) is poised for future revenue growth driven by its strategic focus on Bitcoin-leveraged financial services and expansion into the digital asset market. As a newly public company following a December 2025 SPAC merger, its growth trajectory is expected to be shaped by several key initiatives.

Here are 3-5 expected drivers of future revenue growth for ProCap Financial over the next 2-3 years:

1. Expansion and Introduction of Bitcoin-Powered Financial Products and Services: ProCap Financial's core strategy revolves around leveraging Bitcoin to develop and offer next-generation lending, advisory, and investment products. The company aims to cater to a global, digitally native client base. This ongoing expansion and the launch of new innovative financial products built on Bitcoin are expected to be a primary driver of revenue growth.
2. Increased Institutional Adoption and Demand for Bitcoin and Digital Assets: As a firm deeply embedded in the Bitcoin ecosystem, ProCap Financial's revenue growth is inherently linked to the broader institutional acceptance and demand for Bitcoin and other digital assets within the financial sector. The company's emphasis on institutional expertise, coupled with its substantial capital raise, positions it to capitalize on this growing trend.
3. Growth in its Digital-Native Client Base: ProCap Financial targets a "global, digitally native client base" for its specialized offerings. Attracting and expanding this specific demographic of customers through its Bitcoin-leveraged financial solutions will be a significant contributor to increased revenue.
4. Strategic Deployment of Raised Capital and Bitcoin Holdings: With over $750 million in capital raised from prominent investors and a substantial holding of 5,000 Bitcoin, ProCap Financial possesses significant resources. The strategic deployment of this capital and its Bitcoin assets, potentially through investments, lending activities, or other financial products, is expected to generate additional revenue streams.

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Share Issuance

• ProCap Financial completed a business combination with Columbus Circle Capital Corp I in December 2025, becoming a publicly traded company.
• As part of the SPAC merger, ProCap Financial raised over $750 million in June 2025, which included $516.5 million in equity financing and $235 million in convertible bonds.
• The founding equity of the SPAC sponsor and Professional Capital Management is subject to a performance-oriented vesting structure, tied to the stock price reaching $10.21 per share, Bitcoin's price hitting $140,000 per coin, or specific time milestones.

Inbound Investments

• ProCap Financial, through ProCap BTC, raised more than $750 million from leading investors as part of its initial capital raise.
• This capital raise was part of a larger $1 billion business combination designed to establish ProCap as a prominent Bitcoin treasury and fintech firm.
• The funding included a "Preferred Equity Investment" and a "Convertible Note Offering" associated with the business combination.

Outbound Investments

• ProCap Financial's strategic focus involves aggressive Bitcoin accumulation.
• The company aims to be a top-five U.S. corporate holder of Bitcoin, having acquired over 4,950 Bitcoin (valued at more than $580 million in September 2025) through its initial institutional raise.
• The company plans to deploy its balance sheet Bitcoin across yield-oriented and risk-managed products, including lending, custody, and capital markets.