ProCap Financial Sells 50 Bitcoin for Share Buybacks at 40% Discount

ProCap Financial has sold about 50 Bitcoin to fund its ongoing share repurchase program. The sale, which was announced in a Thursday statement, will help the company buy back more than 2% of its outstanding shares at an approximate 40% discount to net asset value.

This latest deal brings the total amount of shares repurchased under the company's buyback program to around 10% of its outstanding shares. ProCap said that the repurchases will increase the Bitcoin ownership attributable to each remaining shareholder, and it plans to continue buying back shares when they trade at a significant discount to NAV.

Founded by well-known crypto investor Anthony Pompliano, ProCap combines a large Bitcoin treasury with AI-powered financial tools, including Silvia and ProCap Insights. The platform uses AI agents to provide portfolio analysis, research, and investment support to independent investors.