Bitcoin Treasury Company ProCap stock price has plummeted 85% from its peak, and it has initiated a stock buyback plan.

ChainCatcher News: Crypto investor Anthony Pompliano’s publicly listed Bitcoin treasury company ProCap Financial is repurchasing its own stock BRR to address the significant discount of its share price relative to net asset value (NAV).

ProCap recently repurchased 148,241 shares of BRR, valued at approximately $359,000. The company’s current net asset value is about $305 million, while its market capitalization is less than $202 million, with an mNAV (market cap / net assets) below 1. Pompliano stated that last week, the company “bought stock worth $1 at approximately $0.65,” and will continue to actively repurchase as long as the market price remains significantly below NAV.

Data shows that ProCap holds 5,007 BTC, worth approximately $325 million at current prices. The company initiated buybacks in December 2025 and has repurchased about 2% of its circulating shares. Pompliano previously invested $1 million of personal funds to buy shares and stated that he would only receive equity incentives if the stock price reaches $15.

In the secondary market, BRR closed Monday at $2.42, down about 76% over the past six months, with an 85% decline from last year’s high. Meanwhile, Bitcoin has fallen approximately 4% in the past 24 hours to around $64,888, nearly 49% below the over $126,000 peak in October last year.