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.