ProCap Financial, Inc. (Nasdaq: BRR) has announced the acquisition of 450 Bitcoin, bringing its total holdings to 5,457 Bitcoin, while also continuing its share repurchase program, buying back 782,408 shares in the last ten days.
The company stated that the recent Bitcoin acquisition has further reduced its average cost basis per Bitcoin. Concurrently, ProCap Financial has repurchased 782,408 shares of its common stock over the past 10 days, citing a significant discount to Net Asset Value (NAV). The company noted that the NAV discount has narrowed, attributing this to the early success of the repurchase program.
ProCap Financial intends to continue repurchasing shares as long as its common stock trades at a significant discount to NAV. The company has 82,640,367 total basic shares outstanding.
Anthony Pompliano, Chairman and CEO of ProCap Financial, stated, “We are doing two things at the same time: buying Bitcoin to average down our total cost basis and buying back our own stock when the market misprices it.” He added, “Both actions are accretive to our shareholders. Our disciplined approach to our balance sheet has put us in a position to play offense now that Bitcoin has significantly fallen from the all-time high.”
ProCap Financial identifies itself as the first publicly traded agentic finance firm, with a mission to assist independent investors. Established in 2025, the company has raised over $750 million from various investors and is listed on Nasdaq under the ticker symbol BRR.
