ProCap Financial is repurchasing its own shares BRR to address the situation where the stock price is below net asset value. Recently, it repurchased 148,241 shares worth approximately $359,000, with the goal of continuing to buy back until the market price is significantly below net asset value. The current stock price is $2.42, representing a cumulative decline of 85% from the peak.

Jinse Finance reported that ProCap BTC, a Bitcoin treasury company led by Anthony Pompliano, completed its merger with SPAC firm Columbus Circle Capital (BRR) on Friday. After the merger, the company will be renamed ProCap Financial and will continue to trade on Nasdaq under the ticker BRR starting next Monday.

The Bitcoin financial services company ProCap Financial, founded by U.S. investor Anthony Pompliano, has completed a merger and acquisition and will be listed on Nasdaq on December 8 under the ticker symbol BRR. This merger transaction raised $751 million, and the new company will hold $1 billion in Bitcoin assets.