BUSINESSBITCOIN MAGAZINE
ProCap Financial (BRR) Sells 52 Bitcoin to Fund Two-Million-Share Buyback at 50% NAV Discount
ProCap Financial (BRR) sold 52 Bitcoin to fund a two-million-share buyback at a 50% discount to its Net Asset Value (NAV), reducing share count while preserving Bitcoin reserves. The company holds approximately 5,405 Bitcoin and reported a NAV per share of $3.47 against a stock price of $2.15, with CEO Anthony Pompliano stating the move increases Bitcoin ownership for remaining shareholders.
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