{"id":12821,"date":"2026-09-04T14:17:14","date_gmt":"2026-09-04T14:17:14","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12821"},"modified":"2026-09-04T14:17:14","modified_gmt":"2026-09-04T14:17:14","slug":"procap-has-bought-back-10-of-its-stock-by-selling-bitcoin","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12821","title":{"rendered":"ProCap has bought back 10% of its stock by selling Bitcoin"},"content":{"rendered":"

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ProCap Financial sold Bitcoin to buy back discounted shares, lifting BTC exposure for remaining investors.<\/p>\n

The Nasdaq-listed company sold about 50 BTC and repurchased more than 2% of its common stock while shares traded roughly 40% below net asset value, extending a strategy that has now retired about 10% of outstanding shares since its buyback program began.<\/p>\n

ProCap reported about 5,305 BTC and 86.8 million shares outstanding as of Sept. 2, down from 5,355 BTC and 88.6 million shares at the end of June.<\/p>\n

The Bitcoin balance fell about 0.9% over that period, while the share count declined roughly 2%. That lifted Bitcoin per share by about 1.1%, showing how buying stock below NAV can offset a smaller treasury even as the company sells some of its Bitcoin.<\/p>\n

\"ProCap\"ProCap<\/p>\n

Anthony Pompliano, ProCap\u2019s chairman and chief executive, said the company intends to keep exploiting the gap between its market price and underlying asset value.<\/p>\n

\u201cWe continue to repurchase shares of $BRR while they trade significantly below NAV,\u201d Pompliano said. \u201cWe have now repurchased approximately 10% of shares outstanding since we started the buyback program.\u201d<\/p>\n

BRR discount flips the Bitcoin treasury playbook<\/h2>\n

The strategy reverses the usual approach used by Bitcoin treasury companies, which often issue stock when shares trade at a premium and use the proceeds to accumulate more Bitcoin.<\/p>\n