procap financiallisted on Bitcoin Social media personality and cryptocurrency investor Anthony Pompliano’s financial firm is pursuing share buybacks in a bid to benefit shareholders and bring its mNAV (market net asset value) closer to 1.
The company repurchased 148,241 shares of BRR stock, valued at approximately $359,000 at the end of the trading day. The company’s NAV, calculated by subtracting convertible debt from its cash and Bitcoin holdings, is currently around $305 million. As of this writing, the company’s market capitalization is less than $202 million.
“Last week, I was able to purchase $1.00 of our stock for approximately $0.65,” Pompliano, the company’s chairman and CEO, said in a statement. “To the extent that the market sells our shares at a significant discount to NAV, we plan to purchase our own shares as aggressively as possible.”
Any good investor knows that assets should be purchased for less than their value. Since $BRR shares are trading at a significant discount to NAV, we will buy back our own shares.
We continue to actively purchase stocks as long as they trade at deep discounts. pic.twitter.com/Mfk5NaglYK
— Anthony Pompliano 🌪 (@APompliano) February 23, 2026
“Every good investor knows it’s a good idea to buy assets for less than they’re worth,” he added. “BRR stock is no exception.”
The company is not the first Digital Assets Treasury buys back shares When mNAV It fell below 1.
In this case, the company’s market capitalization is trading below the value of its net assets, so it is better for shareholders to buy the company’s stock rather than its crypto assets.
Historically, large crypto companies like Strategy (formerly MicroStrategy) have traded at a premium for their crypto holdings. However, as the prices of major crypto assets such as Bitcoin and Ethereum have fallen, so have the premiums for the DATs that accumulate them, and the mNAV of almost all prominent crypto assets companies is now less than 1.
ProCap, owns 5,007 pieces $BTC The company, worth about $325 million, began its first stock buyback in December. By the beginning of this month, it had reacquired approximately 2% of BRR’s outstanding shares.
Pompliano commits $1 million in personal funds for stock acquisition He joined the company in December and added that he did so “because I believe skin in the game is essential for a leader.” The company said he will earn a $1 salary but will not receive personal stock compensation unless ProCap trades at $15 per share.
decryption ProCap did not immediately respond to a request for comment.
BRR stock closed intraday trading at $2.42 on Monday, down about 76% over the past six months and 85% from last year’s highs. The stock would need to rise about 520% for Mr. Pompliano to trigger the personal stock award outlined by the company.
meanwhile, $BTC It has fallen nearly 4% in the past 24 hours and was recently sitting at $64,888. It is now down nearly 49% from its October high of more than $126,000.
