Key Highlights
- ProCap Financial bought 450 Bitcoin, bringing total holdings to 5,457 BTC worth over $360 million.
- The company repurchased 782,408 shares of its stock at discounts, narrowing the gap between market price and net asset value (NAV).
- Anthony Pompliano said the strategy of buying Bitcoin and stock is “accretive to shareholders” and strengthens the company’s balance sheet.
ProCap Financial, a Bitcoin-focused investment firm led by Anthony Pompliano, announced on Monday that it has increased its total Bitcoin holding to about 5,457 coins, after making another purchase of 450 Bitcoin while lowering its average cost per coin.
The purchase was funded using roughly $35 million from its working capital account and option exercises. With Bitcoin trading around $66,000, ProCap’s Bitcoin treasury is now valued at over $360 million, making the company the 19th-largest corporate holder of Bitcoin.
“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. Both actions are accretive to our shareholders.” Chairman and CEO Anthony Pompliano said in the press release.
Along with buying Bitcoin, ProCap has been buying back its own stock. In the last 10 days, the company repurchased 782,408 shares at prices below their real value, which helped reduce the gap between the stock price and what the company is actually worth. ProCap has 82,640,367 shares in total. The company plans to keep buying shares as long as they trade below their true value.
Strong investor support amid recent buybacks
ProCap Financial started in 2025 and was made as a public company for investors who want to put money into Bitcoin. Since then, the company has raised over $750 million from big investors. This money helped the company focus on building a treasury that follows Bitcoin’s price. Pompliano said the company’s strong planning lets it take advantage of Bitcoin falling from its all-time highs.
In addition, the company has been recently repurchasing its stock as part of its plan to reduce net asset value discount. On February 20, the company bought 148,241 shares at roughly a 35% discount to NAV. On February 23, it repurchased 155,561 shares at a 32% discount, and the following days included buybacks at discounts around 30% and 25–28%, totaling over 700,000 shares. ProCap has 82,640,367 total basic shares outstanding.
The company holdings now place it among the top 20 largest publicly traded corporate holders of the asset, according to Bitcointreasuries.net. The firm continues to see Bitcoin as a long-term opportunity amid market volatility and remains active in both Bitcoin accumulation and strategic equity repurchases.
Bitcoin price surge near $70k
Meanwhile, Bitcoin is up 3.38% today as it is currently trading near $70k for the second time in a week. This surge follows the recent conflict in the middle east involving the U.S and Iran as investors earlier stayed clear of the market due to uncertainty.
At the time of writing, Bitcoin is trading for $69,321, up from a daily low of $64,320. Trading activity is also up by 28%, reaching about $50.8 billion in the last 24 hours.
Also Read: Strategy Adds 3,015 BTC in 101st Purchase, Total Stash Hits 720,737
