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ProCap Adds 450 BTC, Extends Buybacks to Tackle BRR’s NAV Discount

A $35.4 million purchase funded via working capital plus option exercises signals a two‑pronged plan to boost per‑share value.

Overview

  • Total holdings rise to 5,457 BTC, which trackers place among the top 20 corporate treasuries, with the stash valued at over $360 million at recent prices.
  • An SEC filing dated March 2 details the roughly $35.4 million deployed for the latest Bitcoin acquisition.
  • Under a $100 million authorization, the company repurchased 782,408 shares over the past 10 days as part of an accelerated open‑market program.
  • Management reports the repurchases have begun to narrow the discount to net asset value and says buybacks will continue while mispricing persists.
  • ProCap, founded in 2025 by Anthony Pompliano, reports more than $750 million in institutional backing and has just over 82 million basic shares outstanding.