ProCap Financial sells 50 Bitcoin to repurchase shares at 40% discount
ProCap Financial (BRR) sold 50 Bitcoin to repurchase 2% of its shares at a 40% discount to net asset value, reducing its BTC holdings to 5,305. The company has a $100M share repurchase program, authorized in 2025, and has executed buybacks at discounts ranging from 25% to 50%. ProCap went public in 2025 via a SPAC merger, raising over $750M for its Bitcoin treasury.
