What to know : ProCap Financial purchased 450 Bitcoin, lifting total holdings to 5,457 BTC and reducing its average cost basis. The company repurchased 782,408 shares over the past 10 days at a significant discount to NAV. Shares are up 2% pre-market.
ProCap Financial (BRR), the first publicly traded agentic finance firm, has purchased 450 bitcoin , increasing its total holdings to 5,457 BTC.
The acquisition makes ProCap the 19th largest publicly traded holder of bitcoin, while lowering the company’s average cost basis per coin.
Shares of BRR rose 2% in pre-market trading following the announcement, while bitcoin traded above $66,000.
Chairman and CEO Anthony Pompliano said the company is executing a dual strategy, “buying bitcoin to average down our total cost basis and buying back our own stock when the market misprices it,” adding that both actions are accretive to shareholders. He noted the firm’s disciplined balance sheet has positioned it to take advantage of bitcoin’s pullback from its all time high.
ProCap also repurchased 782,408 shares of its common stock over the past 10 days at a significant discount to net asset value (NAV). The company said the discount to NAV has narrowed during that period and plans to continue buybacks as long as the shares trade below intrinsic value.
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