ProCap Financial said it funded a two-million-share buyback by selling about 52 Bitcoin, using the transaction to repurchase stock at an approximately 50% discount to net asset value.
ProCap Financial said it sold roughly 52 Bitcoin to fund the repurchase of 2 million common shares at an approximately 50% discount to net asset value. The company said it held about 5,405 Bitcoin as of May 29, 2026 and reported net asset value per share of about $3.47, compared with a closing stock price of $2.15 that day, a gap of roughly 38%. According to the company, the buyback was executed at a wider discount point, implying a repurchase price near $1.74 per share. ProCap said the transaction reduced share count while leaving its Bitcoin reserves largely intact, and that outstanding shares totaled 88,730,996 as of May 29. The company added that it began a formal share repurchase program in December 2025 and had previously disclosed smaller buybacks of about 150,000 to 200,000 shares at discounts of 25% to 35%.