ProCap, the Bitcoin treasury company, has seen its stock price plummet 85% from its peak, and it has initiated a stock buyback plan
Cryptocurrency investor Anthony Pompliano's publicly listed Bitcoin treasury company ProCap Financial is repurchasing its own stock BRR to address the significant discount of its stock price to net asset value (NAV).Recently, ProCap repurchased 148,241 shares of BRR, valued at approximately $359,000. The company's current net asset value is about $305 million, while its market capitalization is less than $202 million, with mNAV (market cap/net asset) below 1. Pompliano stated that the company "bought shares worth $1 at about $0.65 last week," and will continue to actively repurchase as long as the market price is significantly below NAV.Data shows that ProCap holds 5,007 BTC, valued at approximately $325 million at current prices. The company initiated its buyback in December 2025 and has repurchased about 2% of its outstanding shares. Pompliano also previously invested $1 million of his personal funds to buy shares and stated that he would only receive equity incentives when the stock price reaches $15.In the secondary market, BRR closed at $2.42 on Monday, down about 76% over the past six months and down 85% from last year's peak. Meanwhile, Bitcoin has dropped about 4% in the last 24 hours, trading at around $64,888, nearly a 49% decline from last October's high of over $126,000.