ProCap Financial sells 50 BTC to repurchase shares at ~40% discount
ProCap Financial sold 50 Bitcoin to repurchase more than 2% of its outstanding shares at roughly a 40% discount to net asset value. It now holds about 5,305 BTC.
ProCap Financial just sold 50 Bitcoin to buy back more than 2% of its outstanding shares at roughly a 40% discount to net asset value.
The company now holds approximately 5,305 BTC, making it one of the larger publicly traded Bitcoin treasury firms on the Nasdaq.When a company's stock trades at a 4…