PANews reported on December 10th that, according to BusinessWire, ProCap Financial (NASDAQ: BRR) announced its total Bitcoin holdings have increased to 5,000, making it one of the companies with the largest Bitcoin holdings in the public market. The company also currently holds over $175 million in cash and strategically incurs losses to optimize taxes and enhance shareholder value. CEO Anthony Pompliano stated that Bitcoin is becoming a “minimum return benchmark” for capital allocation.PANews reported on December 10th that, according to BusinessWire, ProCap Financial (NASDAQ: BRR) announced its total Bitcoin holdings have increased to 5,000, making it one of the companies with the largest Bitcoin holdings in the public market. The company also currently holds over $175 million in cash and strategically incurs losses to optimize taxes and enhance shareholder value. CEO Anthony Pompliano stated that Bitcoin is becoming a “minimum return benchmark” for capital allocation.
ProCap Financial's Bitcoin holdings have surpassed 5,000 coins, and it also holds over $175 million in cash.
PANews reported on December 10th that, according to BusinessWire, ProCap Financial (NASDAQ: BRR) announced its total Bitcoin holdings have increased to 5,000, making it one of the companies with the largest Bitcoin holdings in the public market. The company also currently holds over $175 million in cash and strategically incurs losses to optimize taxes and enhance shareholder value. CEO Anthony Pompliano stated that Bitcoin is becoming a “minimum return benchmark” for capital allocation.
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