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ProCap Financial Sells ~50 BTC to Buy Back Shares, Holds 5,305 BTC
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News EditorProCap Financial, led by Anthony Pompliano, sold approximately 50 BTC to repurchase over 2% of its outstanding shares at a 40% discount to NAV. The company has now repurchased about 10% of its shares since the program began and still holds 5,305 BTC as of September 2. It will continue to evaluate buyback opportunities when the stock trades at a significant discount to NAV.
ProCap Financial, a Bitcoin treasury company founded by Anthony Pompliano, announced the sale of approximately 50 Bitcoin. The proceeds were used to repurchase more than 2% of its outstanding shares at a roughly 40% discount to net asset value (NAV).
Since the inception of its share buyback program, the company has repurchased a total of about 10% of its outstanding shares. As of the close on September 2, ProCap Financial held approximately 5,305 Bitcoin. The firm stated it will continue to assess share repurchase opportunities when the stock trades at a significant discount to NAV. (Source: Businesswire)
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