Anthony Pompliano’s Bitcoin treasury company, ProCap Financial, has acquired an additional 450 BTC as part of its strategy to repurchase shares and average down its cost basis amid a challenging market. Currently, ProCap owns a total of 5,457 BTC valued at nearly $375 million, while its share price has seen fluctuations since the significant decline in Bitcoin’s value that began late last year. This announcement comes shortly after the firm’s merger with Columbus Circle Capital Corp. in June, which bolstered its capacity to pursue up to $1 billion in Bitcoin acquisitions. Additionally, ProCap’s activity aligns with the trend observed among Bitcoin treasury companies, including Strategy, which also reported significant Bitcoin purchases recently.
ProCap Financial adds 450 BTC, expands share buybacks
