ProCap Financial Repurchases More Than 2% of Shares Outstanding at an Approximate 40% Discount to NAV
8 Articles
8 Articles
ProCap Financial sells 50 Bitcoin to repurchase shares at 40% discount
ProCap Financial sold 50 Bitcoin to repurchase over 2% of its shares at a 40% NAV discount, boosting per-share BTC exposure for remaining
ProCap Sells 50 Bitcoin to Fund Buyback as Shares Trade 40% Below NAV
ProCap Financial sold about 50 Bitcoin to fund a share buyback worth more than 2% of its outstanding stock, as its shares traded about 40% below the value of its Bitcoin holdings. The sale reduced ProCap’s Bitcoin holdings to roughly 5,305 BTC. The company has used share buybacks when its stock trades below its net […] Read The Full Article ProCap Sells 50 Bitcoin to Fund Buyback as Shares Trade 40% Below NAV On Coin Edition.
ProCap Financial ($BRR) Buys Back 2% of Its Stock
ProCap Financial sold 50 Bitcoin and bought back 2% of its stock. The company says they repurchased the stock at a 40% discount to NAV. I had the discount slightly lower. The difference is probably due to the treatment of the warrants, but either way, these moves are highly value accretive to shareholders. The stock ...
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