Crypto-focused fund product BRR has bought back roughly 10% of its outstanding float, according to a post by APompliano on X cited by Techub News. The update points to an ongoing repurchase program rather than a one-off transaction. BRR has traded at a persistent discount to net asset value, or NAV, and the buybacks are being used in an effort to narrow that gap. The report also identifies Anthony Pompliano as a well-known crypto investor and co-founder of Morgan Creek Digital. Based on the disclosed information, his team is pursuing the repurchase plan with the stated aim of reducing the discount between BRR’s market price and its NAV.
Crypto fund product BRR has continued buying back its shares and has so far repurchased about 10% of its float, according to a post by APompliano on X cited by Techub News.
BRR is a finance product tied to the cryptocurrency sector, and its market price has long traded below its net asset value, or NAV. Anthony Pompliano, identified in the report as a prominent crypto investor and co-founder of Morgan Creek Digital, and his team are using the buyback program in an attempt to reduce the discount between the share price and NAV.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
