Anthony Pompliano’s Procap Financial begins to explore share repurchases.

The firm, which has acquired over $750 million from investors, has repurchased approximately $350,000 of its stock.

What to know:

• ProCap Financial repurchased 148,241 shares at what is reported to be around a 35% discount to NAV.
• BRR possesses 5,007 BTC valued at approximately $335 million, along with $70 million in cash and $100 million in convertible debt.
• The firm expressed its dedication to reducing that NAV discount.

ProCap Financial, (BRR), which identifies itself as the first publicly listed agentic finance company, has initiated its share buyback program aimed at bridging the gap between its market price and net asset value (NAV).

The company disclosed that it acquired 148,241 BRR shares on the open market on Feb. 20. This indicates a purchase price near $2.30 per share, totaling roughly $341,000. While this is not a significant acquisition, given that the company has secured over $750 million from investors and currently has more than 5,000 bitcoin valued at around $335 million on its balance sheet.

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The firm further stated that the shares were acquired at approximately a 35% discount to the net asset value of the bitcoin it owns.

"We were able to purchase $1.00 of our stock for about $0.65 last week," stated
Chairman and CEO Anthony Pompliano. "We intend to actively buy as much of our stock as possible as long as the market continues to offer shares at a considerable discount to NAV."

BRR shares are slightly outperforming other bitcoin treasury companies in U.S. trading on Monday morning, increasing by 3% to $2.42.