BlockBeats News, February 24 — Crypto investor Anthony Pompliano’s publicly traded Bitcoin treasury company ProCap Financial is repurchasing its own stock BRR to address the significant discount of its share price relative to net asset value (NAV).
ProCap recently repurchased 148,241 shares of BRR, valued at approximately $359,000. The company’s current net asset value is about $305 million, while its market capitalization is less than $202 million, with an mNAV (market cap / net assets) below 1. Pompliano stated that last week, “the company bought stock worth $1 at a price of about $0.65,” and as long as the market price remains significantly below NAV, it will continue to actively repurchase.
Data shows that ProCap holds 5,007 BTC, worth approximately $325 million at current prices. The company initiated buybacks in December 2025 and has repurchased about 2% of its circulating shares. Pompliano previously invested $1 million of personal funds to buy shares and stated that he would only receive equity incentives if the stock price reaches $15.
In the secondary market, BRR closed Monday at $2.42, down about 76% over the past six months, with an 85% decline from last year’s high. Meanwhile, Bitcoin has fallen approximately 4% in the past 24 hours to around $64,888, nearly 49% below the over $126,000 peak in October last year.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Strategy unveils $44.1B capital-raising capacity to buy more Bitcoin
Michael Saylor's Strategy is raising $44.1 billion for Bitcoin purchases through stock sales and preferred equity offerings. The company recently added 90,000 BTC to its treasury, bringing its total holdings to 762,099 BTC valued at $54 billion.
Cointelegraph49m ago
Altcoin ETFs Attract Inflows as Bitcoin ETFs See $75 Million Exit
Bitcoin and ether exchange-traded funds (ETFs) returned to outflows on Tuesday, reflecting renewed caution. In contrast, solana and XRP ETFs posted modest gains, signaling selective investor interest.
Bitcoin, Ether ETFs Slide While Solana and XRP Gain
Momentum in crypto ETFs remains fragile.
Coinpedia1h ago
Eric Balchunas says Morgan Stanley Spot Bitcoin ETF Edges Closer to Market Debut
Morgan Stanley is poised to launch its Bitcoin ETF, MSBT, as the NYSE lists it, marking a major institutional entry into the market. Despite Bitcoin's 40% decline, strong ETF inflows continue, showcasing persistent demand.
LiveBTCNews1h ago
Google Sets 2029 Deadline to Deal With Quantum Threat—Is It a Problem for Bitcoin?
In brief
Google publicly set a 2029 deadline to transition its systems to post-quantum cryptography.
Bitcoin faces long-term cryptographic risk as quantum breakthroughs compress security timelines.
Crypto must coordinate a slow, decentralized migration to quantum-resistant standards
Decrypt1h ago
Crypto News: 200x Returns Are No Longer in BTC or ETH as DeepSnitch AI Becomes the Presale Banger With the Potential for Huge Returns
At the moment, crypto firms like Lombard and Bitwise are trying to figure out how to squeeze a tiny bit of yield out of old coins. But on the other hand, buyers are looking for life-changing wealth.
DeepSnitch AI recently shattered the $2.5 million funding mark, establishing a Stage 8 entry p
CaptainAltcoin2h ago
