Key Insights:
- Recent Bitcoin news indicates Anthony Pompliano’s ProCap bought 450 BTC, taking total holdings to 5,457 BTC as BRR traded below NAV.
- It also repurchased 782,408 shares, saying the NAV discount is shrinking.
- Schiff criticized the BTC buy; Pompliano said buyback limits force a split approach.
As per recent Bitcoin news, ProCap Financial, which is run by Anthony Pompliano’s said it added 450 Bitcoin to its treasury. The company reported the buy pushed its total holdings to 5,457 BTC. ProCap trades on Nasdaq under the ticker BRR. It stepped in while Bitcoin cooled off from its all-time high, with the stock trading below its net asset value.
Bitcoin News: ProCap Adds Bitcoin and Leans on Buybacks
ProCap explained in a Bitcoin news press release that the new purchase lowered its average cost per Bitcoin. In the same update, the firm highlighted another move it believes can lift long-term value: it has been buying back its own shares.
Over the past 10 days, ProCap said it repurchased 782,408 common shares. It described those buybacks as executed at a steep discount to net asset value. As a result, the company said the NAV gap tightened during that stretch. Besides, it credited the early impact of the repurchase program for the change.
ProCap added that it plans to continue repurchasing shares as long as BRR trades at a meaningful discount. It also shared a key figure for investors tracking the math: 82,640,367 total basic shares outstanding.
The Bitcoin news announcement landed at a time when other Bitcoin-heavy public companies are also making headlines. Michael Saylor’s Strategy recently disclosed that it bought 3,015 BTC for $204.1 million, paying an average price of $67,700 per coin.
Against that backdrop, ProCap continued to pitch itself as a newer kind of market player, describing the business as the first publicly traded agentic finance firm. The company said it launched in 2025 and has raised more than $750 million in funding to date.
Pompliano vs. Schiff: A Straight Fight Over Capital Allocation
Pompliano addressed the strategy on X and framed it as a two-track plan. He said ProCap wants to keep adding Bitcoin while also shrinking the share count when the stock trades below NAV. In his view, both moves serve shareholders by tightening balance sheet discipline and improving per-share exposure over time.
Still, not everyone bought the logic. Economist and longtime gold supporter Peter Schiff pushed back publicly in a recent Bitcoin news update. He questioned why ProCap would buy more Bitcoin when its stock already offers Bitcoin exposure at a discount. Schiff’s argument was simple: if shares trade below NAV, buying them can be a cheaper way to access the same underlying asset.
Pompliano replied that rules limit how much the company can repurchase each day. He said ProCap aims to buy back the maximum allowed amount daily, but the cap slows progress. He also noted that, over 10 days, total repurchases remained below 1 million shares.
That back-and-forth shows a classic market divide, especially when prices are swinging. Some investors would rather keep buying the asset. Others say the smarter move is to buy back cheap shares and boost value per share.
Bitcoin Price Tests Key Levels as a Familiar Pattern Reappears
Meanwhile, Bitcoin price support shows up around $65,000, while stronger support sits closer to $63,000. The higher-low structure forming from Feb. 28 into early March suggests the short-term setup has improved, even if the market still looks heavy.
The cryptocurrency has now closed down for five months in a row, and it’s close to making that six. The analyst said we saw a similar losing streak back in 2018 and 2019. Last time it stretched to six red months, Bitcoin later bounced hard, climbing about 316% over the next five months.
Source: https://www.thecoinrepublic.com/2026/03/04/bitcoin-news-pompliano-doubles-down-with-450-btc-buy/
