ProCap Financial Acquires 450 Bitcoin While Aggressively Repurchasing Shares to Close Discount to NAV
- Company purchased 450 Bitcoin, reducing its average cost basis per Bitcoin
- Company has repurchased 782,408 shares of common stock over the last 10 days
- Company remains committed to aggressively repurchasing shares at a significant discount to NAV
In the last 10 days,
The Company has 82,640,367 total basic shares outstanding.
“We are doing two things at the same time: buying Bitcoin to average down our total cost basis and buying back our own stock when the market misprices it,” said
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Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and are subject to various risks and uncertainties that could cause actual results to differ materially. Such risks include those described under “Risk Factors” in most recent
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