Bitcoin Treasury Company ProCap's Stock Price Crashes 85% from All-Time High, Initiates Buyback Plan

BlockBeats News, February 24th, Crypto investor Anthony Pompliano's publicly traded Bitcoin treasury company ProCap Financial is buying back its own stock BRR to address a significant discount to Net Asset Value (NAV).

ProCap recently repurchased 148,241 shares of BRR, worth approximately $359,000. The company's current Net Asset Value is around $305 million, while its market capitalization is less than $202 million, with mNAV (market cap/NAV) below 1. Pompliano stated that the company last week "bought $1 worth of stock for about $0.65," 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 buybacks since December 2025 and has repurchased around 2% of outstanding shares. Pompliano had previously invested $1 million of personal funds to purchase shares and stated that he would only receive equity incentives once the stock price reaches $15.

In the secondary market, BRR closed at $2.42 on Monday, with a price decline of about 76% in the past six months, and an 85% drop from last year's high. Meanwhile, Bitcoin fell about 4% in the past 24 hours, trading at around $64,888, retracing nearly 49% from its high above $126,000 in October last year.