ProCap Monetary, Inc. continued its twin strategic thrusts this week with the acquisition of 450 Bitcoin, bringing its complete holdings to five,457 BTC and decreasing its common value foundation per coin, the corporate introduced.
The aggressive accumulation comes as Bitcoin trades close to $65,000, presenting what administration views as a long-term shopping for alternative amid broader market volatility.
Chairman and CEO Anthony Pompliano stated the Bitcoin purchases improve the corporate’s steadiness sheet and place it to profit from future upward actions within the flagship cryptocurrency.
“We’re doing two issues on the identical time: shopping for Bitcoin to common down our complete value foundation and shopping for again our personal inventory when the market misprices it,” Pompliano stated. “Each actions are accretive to our shareholders.”
ProCap’s 5,457 Bitcoin holding now ranks it among the many high 20 largest publicly traded company holders of BTC, in response to Bitcointreasuries.internet.
The corporate financed the most recent acquisition via working capital and choice workouts, deploying roughly $35.4 million within the transaction, in response to an SEC submitting posted March 2.
However ProCap’s technique isn’t restricted to digital property. Alongside Bitcoin accumulation, the agency has launched into an intense share repurchase marketing campaign geared toward shrinking what has been a big low cost between its market worth and internet asset worth (NAV).
ProCap’s aggressive buybacks to shut NAV low cost
Since late December 2025, ProCap has been executing an open-market share repurchase program that has gained momentum in early 2026. The board accepted a $100 million buyback authorization late final 12 months, giving administration the flexibleness to repurchase shares whereas the inventory trades meaningfully beneath intrinsic worth.
Over the previous a number of weeks, the corporate has purchased again shares at steep reductions:
- 148,241 shares at roughly a 35% low cost to NAV on Feb. 20.
- 155,561 shares at round 32% beneath NAV on Feb. 23.
- 158,796 shares at roughly 30% low cost on Feb. 24.
- 159,904 shares at an approximate 25–28% low cost on Feb. 25–26.
Altogether, latest buybacks have totaled over 700,000 shares — a considerable repurchase tempo given the roughly 82.6 million shares excellent.
Pompliano has repeatedly framed the repurchases as “capital allocation 101,” arguing that purchasing again inventory at deep reductions to estimated NAV boosts per-share worth for long-term holders. “If the market desires to irrationally promote us shares beneath NAV, we are going to maintain aggressively shopping for them,” he stated.
Buyers have taken notice: the continued buybacks have helped slim the low cost to NAV over the previous week, at the same time as the corporate maintains that the work isn’t completed. Administration has reiterated that buybacks will proceed “for so long as BRR trades at a big low cost to NAV.”