Cryptocurrency investor Anthony Pompliano's listed Bitcoin vault company ProCap Financial continues to repurchase BRR shares, with the latest buyback of 148,241 shares valued at approximately $359,000; the company disclosed its NAV is about $305 million, while its market cap is approximately $202 million, indicating a significant discount. ProCap holds 5,007 BTC (about $325 million), and Pompliano stated that they will continue to actively repurchase when trading "significantly below NAV"; as of Monday's close, BRR is trading at $2.42, down about 76% in the past six months and approximately 85% below last year's high. (Decrypt)
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Cryptocurrency investor Anthony Pompliano's listed Bitcoin vault company ProCap Financial continues to repurchase BRR shares, with the latest buyback of 148,241 shares valued at approximately $359,000; the company disclosed its NAV is about $305 million, while its market cap is approximately $202 million, indicating a significant discount. ProCap holds 5,007 BTC (about $325 million), and Pompliano stated that they will continue to actively repurchase when trading "significantly below NAV"; as of Monday's close, BRR is trading at $2.42, down about 76% in the past six months and approximately 85% below last year's high. (Decrypt)