TREE NEWS update: ProCap Financial, Anthony Pompliano’s bitcoin treasury company, sold about 50 BTC to repurchase over 2% of its outstanding shares at a roughly 40% discount to net asset value (NAV). As of September 2, it held about 5,305 BTC. The company said cumulative buybacks now represent about 10% of shares outstanding, and it will continue evaluating buybacks when shares trade at significant discounts to NAV.
ProCap Financial Sells ~50 BTC to Buy Back >2% of Shares
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