Company: PCAP
Filing Date: 2025-05-15
Form Type: CORRESP
Source: 0001213900-25-044567
Chunk: 0

Company: ProCap Acquisition Corp
Filing Date: 2025-05-15
Form: CORRESP
Chunk 0
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May 15, 2025

VIA EDGAR

U.S. Securities and Exchange Commission

Division of Corporation Finance

Office of Real Estate & Construction

100 F Street, N.E.

Washington, DC 20549

| Attention: | Pearlyne Paulemon |

Jeffrey Gabor

| Re: | ProCap Acquisition Corp            
 Registration Statement on Form S-1 
 Filed April 30, 2025, as amended   |
|:----|:-----------------------------------|
|     | File No. 333-286876                |

Ladies and Gentlemen:

Reference is made to our letter,
filed as correspondence via EDGAR on May 13, 2025, in which we, as representative of the several underwriters of ProCap Acquisition Corp’s
proposed public offering, joined ProCap Acquisition Corp’s request for acceleration of the effective date of the above-referenced
registration statement on Form S-1 (the “Registration Statement”) for Thursday, May 15, 2025, at 4:30 p.m. Eastern
Time (the “Effective Date”), in accordance with Rule 461 under the Securities Act of 1933, as amended. ProCap Acquisition
Corp is no longer requesting that such Registration Statement be declared effective at this time, and we hereby formally withdraw our
request for acceleration of the Effective Date.

Please contact our counsel, Christian O. Nagler
of Kirkland & Ellis at Christian.Nagler@kirkland.com or by telephone at (212) 446-4660 with any questions.

<div align='center'>[signature page follows]</div>

| Sincerely yours, |
| BTIG, LLC        |

| By:    | /s/ Paul Wood                                         |
| Name:  | Paul Wood                                             |
| Title: | Managing Director, Co-Head of SPAC Investment Banking |

| cc: | Anne Peetz, Reed Smith LLP |

Christian O. Nagler, Kirkland & Ellis LLP

<div align='center'>[signature page to withdrawal of acceleration request]</div>