ProCap Financial has announced the acquisition of 450 Bitcoin as prices retreated from recent highs, increasing its total holdings to 5,457 Bitcoin. The firm also repurchased 782,408 shares below net asset value (NAV) over the past 10 days, aiming to address valuation gaps. ProCap plans to continue share buybacks while NAV discounts persist, within regulatory limits. The company's strategy aligns with broader corporate treasury accumulation amid ongoing crypto market weakness. ProCap, founded in 2025, has raised over $750 million from investors and trades on Nasdaq under the ticker BRR. The announcement follows similar moves by other firms, such as Michael Saylor's Strategy, which recently acquired 3,015 Bitcoin. Economist Peter Schiff questioned the decision to buy Bitcoin while shares trade below NAV, suggesting discounted shares offer cheaper exposure. However, ProCap's Anthony Pompliano emphasized balance sheet discipline and regulatory constraints on daily repurchases. The firm aims to maximize daily buybacks as market conditions remain challenging, with Bitcoin experiencing five consecutive months of decline.