Silvia (SVIA) has completed a company-wide cost-cutting initiative that it expects to generate more than $10 million in annualized savings.
The measures reduce compute, compensation and other personnel-related expenses, renegotiate vendor contracts, and add executive team members at a lower cost structure. Silvia said the initiative preserves resources needed to advance its AI-powered platform and serve independent investors. The company expects savings to begin contributing in the current fiscal year, with the full annualized benefit realized thereafter. Management plans to provide additional details on the impact at its next regularly scheduled financial update.
Silvia (SVIA) repurchased an additional 5% of its common stock since September 22, 2026, extending its share buyback program. Cumulative repurchases equal approximately 20% of the shares outstanding at the program’s inception.
At market close on October 6, 2026, outstanding shares totaled 78,665,076, after settlement of all repurchased shares, and Bitcoin holdings were approximately 4,965. The company plans to continue buying back shares as it deems appropriate.
Silvia (SVIA) reported that since September 15, 2026 it has repurchased an additional 2.3% of its common shares at a discount to Net Asset Value (NAV), bringing total buybacks under its program to approximately 14.5% of shares outstanding at the program’s inception.
The company’s NAV calculation reflects its Bitcoin holdings and other net assets, assigning zero value to its agentic finance business, so any value from those products is incremental to the stated NAV. As of market close on September 22, 2026, Silvia had 82,881,223 shares outstanding, held approximately 5,130 Bitcoin, and reported an estimated NAV per share of about $4.27. Silvia said it intends to continue repurchasing shares while they trade below NAV.
Silvia (SVIA) began trading on the Nasdaq Global Market under its new name and ticker symbols “SVIA” for common stock and “SVIAW” for warrants. The company was formerly known as ProCap Financial and previously traded under “BRR” and “BRRWW.”
The name change aligns the public company with Silvia, its AI agent lab and platform serving independent investors. No action is required from stockholders or warrant holders, existing certificates remain valid, and shares or warrants held in book entry or street name are updated automatically. The company’s legal entity, board, management, operations, shareholder rights, and contractual obligations are unchanged.