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Anthony Pompliano’s ProCap Financial buys 450 bitcoin, steps up share buybacks

By James Van Straten · Published March 2, 2026 · 3 min read · Source: CoinDesk
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Anthony Pompliano’s ProCap Financial buys 450 bitcoin, steps up share buybacks

The acquisition makes ProCap the 19th largest publicly traded holder of bitcoin, while lowering the company’s average cost basis per coin.

By James Van Straten|Edited by Jamie CrawleyUpdated Mar 2, 2026, 1:28 p.m. Published Mar 2, 2026, 1:02 p.m. GoogleMake us preferred on Google
Anthony Pompliano. (CoinDesk)
Chairman and CEO Anthony Pompliano (CoinDesk)

What to know:

ProCap Financial (BRR), the first publicly traded agentic finance firm, has purchased 450 bitcoin BTC$65,406.96, increasing its total holdings to 5,457 BTC.

The acquisition makes ProCap the 19th largest publicly traded holder of bitcoin, while lowering the company’s average cost basis per coin.

Chairman and CEO Anthony Pompliano said the company is executing a dual strategy, “buying bitcoin to average down our total cost basis and buying back our own stock when the market misprices it,” adding that both actions are accretive to shareholders. He noted the firm’s disciplined balance sheet has positioned it to take advantage of bitcoin’s pullback from its all time high.

ProCap also repurchased 782,408 shares of its common stock over the past 10 days at a significant discount to net asset value (NAV). The company said the discount to NAV has narrowed during that period and plans to continue buybacks as long as the shares trade below intrinsic value.

Shares of BRR showed signs of a lift in pre-market trading on very thin volume, while bitcoin traded above $66,000.

UPDATE (March 2, 13:30 UTC): Removes references to 2% lift in BRR in pre-market, qulaifying that any increase is on thin volume.

Bitcoin NewsAnthony Pompliano

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In this article

BTCBTCBTC$65,406.962.35%
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