ProCap Financial, a Bitcoin treasury company led by crypto investor Anthony Pompliano, has repurchased 148,241 shares of its BRR stock, valued at approximately $359,000. The company disclosed a net asset value (NAV) of about $305 million, while its market capitalization stands at around $202 million, indicating a significant discount. ProCap holds 5,007 BTC, worth approximately $325 million. Pompliano stated that the company will continue aggressive buybacks when the stock trades significantly below NAV. As of Monday's close, BRR was priced at $2.42, having dropped about 76% over the past six months and approximately 85% from last year's peak.
ProCap Financial Continues BRR Stock Buyback Amid Discounted Valuation
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