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
CME Bitcoin futures open interest falls to $8.41 billion, hitting a 14-month low
Chicago Mercantile Exchange bitcoin futures open interest fell to a 14-month low. Driven by the unwinding of basis trades, institutions are leaning toward directly holding spot, and the leverage level in the futures market has dropped significantly.
GateNews43m ago
STRC This week’s fundraising is expected to be able to buy 8,000 BTC, or hold 10,000 coins
Gate News message. On April 11, Strategy's Stretch (STRC) has, to date this week, raised enough funds to purchase 8,000 BTC. It is estimated that STRC may hold 10,000 BTC by the end of this week.
GateNews1h ago
Bitcoin clings to $72K while 3.3% inflation and war‑driven oil spikes rattle US markets
US inflation rose 3.3% in March while Bitcoin traded back above $72,000, leaving crypto caught between sticky prices, war‑driven oil shocks and recurring liquidation waves.
Summary
Headline CPI increased 3.3% year‑on‑year and 0.9% month‑on‑month, driven by a roughly 10.9% jump in energy
Cryptonews1h ago
Morgan Stanley Bitcoin Trust Debuts With Low Fee Edge
Morgan Stanley's Bitcoin Trust (MSBT) launched with $34M in first-day trading, exceeding expectations. Its low 0.14% expense ratio positions it competitively in the market, attracting strong demand amid renewed investor interest and favorable geopolitical developments.
CryptoFrontNews2h ago
Crypto Options Alert: Bitcoin and Ethereum Set for $2.2 Billion Expiry Event - U.Today
The crypto market faces a $2.2 billion options expiry, primarily for Bitcoin ($1.9 billion) and Ethereum ($328 million). With both currencies recovering in value, upcoming expirations may exert upward pressure, supported by bullish trading positions.
UToday3h ago
