ProCap Financial ($BRR) Launches Buyback to Address 35% NAV Discount, Repurchases 148,241 Shares

ProCap Financial ($BRR) has launched a share buyback program to address its 35% discount to net asset value, repurchasing 148,241 shares at approximately $0.65 per dollar of NAV, management said. The company will continue buying back shares while they trade at a substantial discount, according to management. ProCap Financial holds 5,007 BTC, valued at $335 million.