ProCap Financial Sells Bitcoin to Buy Back Stock at Approximately 50% Discount to NAV, Increasing Bitcoin Exposure for All Shareholders

Key Terms

net asset value financial

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

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nav financial

Net asset value (NAV) is the total value of all the investments and assets in a fund or company, minus any debts or liabilities, divided by the number of shares or units outstanding. It represents the per-share worth, giving investors an idea of what each share is truly worth based on the underlying assets. Think of it like a company's total worth divided among its shares, helping investors assess whether a share is fairly priced.

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bitcoin financial

Bitcoin is a decentralized digital currency and asset that exists only online, created and recorded through a public digital record maintained by many computers worldwide—think of it as a shared spreadsheet that no single person controls. Investors care because it behaves like a high-risk, high-reward store of value and speculative commodity: its supply is limited, its price can swing sharply, and owning it can change a portfolio’s risk, diversification and exposure to market sentiment.

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• ProCap Financial repurchased two million shares of its common stock at an approximate 50% discount to Net Asset Value
• Company has nearly 20 years of runway at its current expense levels and no price appreciation of Bitcoin

NEW YORK--(BUSINESS WIRE)-- ProCap Financial, Inc. (Nasdaq: BRR), the first publicly traded agentic finance firm, today announced it repurchased two million shares of its common stock at an approximate 50% discount to Net Asset Value (“NAV”). The Company funded the transaction by selling approximately 52 Bitcoin.

“Since BRR was trading at roughly half of NAV, converting a small amount of Bitcoin into repurchased shares increased the amount of Bitcoin owned by all remaining shareholders,” said Anthony Pompliano, Chairman and CEO of ProCap Financial.

ProCap Financial has a strong balance sheet. At current expense levels, the Company has nearly 20 years of runway, even if it generated no revenue and there was no price appreciation to Bitcoin.

ProCap Financial will continue to evaluate opportunities to repurchase shares when they trade at a deep discount to NAV.

As of market close on Friday, May 29, 2026, the number of outstanding shares was 88,730,996, the number of Bitcoin held was approximately 5,405 and the NAV per share was approximately $3.47.

About ProCap Financial

ProCap Financial is the first publicly traded agentic finance firm. The Company’s mission is to help independent investors make money. Founded in 2025, the Company raised more than $750 million from leading investors and is traded on Nasdaq under the symbol BRR. Visit www.procapfinancial.com for more information.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and are subject to various risks and uncertainties that could cause actual results to differ materially. Such risks include those described under “Risk Factors” in most recent SEC filings. We caution readers not to place undue reliance on forward-looking statements, which reflect our views only as of the date of this release. We undertake no obligation to update such statements, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260601237215/en/

MEDIA CONTACT
Erica Chase
press@procapfinancial.com

INVESTOR CONTACT
investors@procapfinancial.com

Source: ProCap Financial, Inc.