Silvia Repurchases Stock Below Stated NAV, Boosting Shareholder Value
Silvia, Inc., a Nasdaq-listed bitcoin holder and finance AI company formerly known as ProCap Financial, has repurchased an additional 2.3% of its common stock since September 15.
The purchases bring the total buyback amount to approximately 14.5% of the shares outstanding at inception, with no remaining authorization amount or expiry date disclosed by the company.
The current share price of Silvia is US$4.04, which is below its stated net asset value (NAV) of US$4.27 per share on September 22.