Anthony Pompliano's ProCap Financial (BRR) continues its aggressive stock repurchase program, aiming to narrow the persistent discount to its net asset value (NAV). The latest move, announced on February 27, 2026, saw the company buy back 159,904 shares on February 26 at an approximate 25% discount to NAV. This underscores ProCap's commitment to capitalizing on undervalued shares, as the firm's Bitcoin-heavy portfolio bolsters its intrinsic value amid market volatility.
"Our strategy is working," said Pompliano, Chairman and CEO. "We have been aggressively repurchasing our shares at a significant discount to NAV, which has helped to close the NAV discount over the last week. The job is not done."
This follows a series of buybacks earlier in the week. On February 25, ProCap repurchased another 159,904 shares at a 28% discount. The day prior, February 24, brought 158,796 shares at 30% below NAV. On February 23, the firm acquired 155,561 shares at a 32% discount. The spree began on February 20 with 148,241 shares bought at roughly 35% below NAV.
Across these five trading days the total repurchased amounted to 782,406 shares. That figure represents about 0.94% of the outstanding shares, based on basic shares outstanding reported in February 2026 regulatory contexts and analyses at roughly 83 million. Using historical BRR market data from the transaction dates, the average repurchase price is estimated at around $2.55 per share, producing a total expenditure of nearly $2 million.
ProCap, a Bitcoin-native financial services firm holding over 5,000 BTC valued at roughly $335 million as of mid-week, views these buybacks as a direct way to enhance shareholder value. With shares trading below intrinsic worth—driven by Bitcoin's price around $65,000–$68,000—the program aligns with Pompliano's vision of "attack mode" to drive long-term growth.