ProCap Financial sells 50 Bitcoin to fund share buyback at 40% discount to NAV

ProCap Financial, founded by Anthony Pompliano, sold approximately 50 Bitcoin to fund a share buyback of over 2% of its outstanding stock. The transaction was executed at a 40% discount to its net asset value, reducing its treasury to 5,305 Bitcoin worth $430 million. Meanwhile, Canadian-based Bitcoin Treasury Corporation reported purchasing 115,200 shares in August 2026 to grow its Bitcoin per share metric.

ProCap share buyback program

• ▪ProCap Financial launched its formal share repurchase program in December 2025, with cumulative repurchases reaching approximately 10% of its outstanding shares by September 3, 2026.
• ▪ProCap Financial's earlier share buyback transactions under its program typically involved 150,000 to 200,000 shares.
• ▪ProCap Financial repurchased more than 2% of its outstanding shares in a buyback transaction announced on September 3, 2026.

Bitcoin sale to fund repurchases

• ▪In June 2026, ProCap Financial repurchased 2 million shares using proceeds from the sale of approximately 52 Bitcoin.
• ▪ProCap Financial sold approximately 50 Bitcoin to fund its September 3, 2026 share buyback, reducing its total Bitcoin holdings to roughly 5,305 BTC.
• ▪ProCap Financial stated that its current spending rate provides the company with almost 20 years of operating cash without relying on revenue or Bitcoin gains.

NAV discount valuation

• ▪ProCap Financial executed its September 3, 2026 share buyback at an approximate 40% discount to its net asset value.
• ▪ProCap Financial's earlier buyback transactions occurred while its stock traded at a 25% to 35% discount to its net asset value.
• ▪As of September 2, 2026, ProCap Financial held approximately 5,305 BTC worth $430 million, with 86.8 million shares outstanding and a net asset value per share of about $3.71.

Bitcoin per-share metrics

• ▪Bitcoin Treasury Corporation reported that its Bitcoin per Share metric increased by 1.16% year-to-date to 0.00006418 as of August 31, 2026.
• ▪Bitcoin Treasury Corporation purchased and retired 115,200 common shares from August 1, 2026, through August 31, 2026, at an average price of $3.15 per share.
• ▪ProCap Financial stated that its share repurchases increase the Bitcoin ownership attributable to each remaining shareholder.

AI business expansion

• ▪ProCap Financial, founded by crypto investor Anthony Pompliano, integrates a Bitcoin treasury with artificial intelligence financial tools including Silvia and ProCap Insights.
• ▪ProCap Financial expanded its operations beyond its Bitcoin treasury by acquiring the artificial intelligence startup CFO Silvia.

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