Headline: Pompliano’s ProCap Buys 450 BTC, Boosts Holdings and Steps Up Share Buybacks
ProCap Financial (BRR), the first publicly traded “agentic finance” firm led by Anthony Pompliano, has added 450 bitcoin to its treasury at an average price of $65,525.47 per coin. The purchase brings ProCap’s total bitcoin holdings to 5,457 BTC, making the company the 19th-largest publicly traded holder of bitcoin and reducing its overall average cost basis per coin.
Pompliano framed the moves as a dual, shareholder-focused strategy: “buying bitcoin to average down our total cost basis and buying back our own stock when the market misprices it,” saying both actions are accretive to shareholders. He added that ProCap’s disciplined balance sheet has allowed the company to act as bitcoin pulled back from its all-time highs.
Alongside the crypto buy, ProCap repurchased 782,408 shares of common stock over the past 10 days, buying at a significant discount to net asset value (NAV). The firm said the discount to NAV narrowed during that repurchase window and that it will continue buybacks while shares trade below intrinsic value.
Market reaction was muted: BRR showed a modest lift in pre-market trading, but on very thin volume, while bitcoin traded above $66,000.
Update (March 2, 13:30 UTC): The report removes earlier references to a 2% pre-market rise in BRR, clarifying that any increase occurred on thin volume.
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