In the most recent Bitcoin News, Anthony Pompliano’s ProCap Financial disclosed it purchased 450 Bitcoin as a part of its treasury technique. The buy, introduced by the corporate, lifted whole holdings to five,457 BTC, whereas shares commerce on Nasdaq beneath the ticker BRR. The agency mentioned it acted as Bitcoin pulled again from its all-time excessive and its inventory traded under web asset worth.
Bitcoin News: ProCap Expands Holdings, Narrows NAV Gap
In a press release, ProCap mentioned the brand new acquisition diminished its common value foundation per Bitcoin. Notably, the corporate additionally repurchased 782,408 widespread shares over the previous 10 days. It executed these buybacks at what it described as a major low cost to web asset worth.
The firm added that the NAV low cost narrowed throughout that interval. It attributed the shift to the early influence of the repurchase program. ProCap acknowledged it’s going to proceed shopping for again shares whereas BRR trades at a significant low cost.
According to the corporate, it has 82,640,367 whole primary shares excellent. This launch comes as Michael Saylor’s Strategy acquired 3,015 BTC for $204.1 million at a median value of $67,700 per Bitcoin. It described itself as the primary publicly traded agentic finance agency. Founded in 2025, ProCap mentioned it raised greater than $750 million from traders.
Pompliano Defends Strategy as Schiff Challenges Logic
Pompliano addressed the transfer on X. He mentioned the agency continues to accumulate Bitcoin whereas repurchasing discounted shares. He added that each actions purpose to learn shareholders by way of steadiness sheet self-discipline.
However, economist and gold advocate Peter Schiff questioned the strategy publicly. He requested why ProCap would purchase extra Bitcoin whereas its shares commerce under NAV. Schiff argued that purchasing discounted shares presents a less expensive option to achieve Bitcoin publicity.
Pompliano responded that regulatory limits prohibit day by day repurchases. He mentioned the corporate goals to maximise the allowed quantity every day. Over the final 10 days, he famous, repurchases totaled lower than a million shares.
He added that these limits gradual efforts to cut back the share rely. Nevertheless, he mentioned the corporate will proceed executing inside regulatory boundaries. The alternate exhibits the differing views on capital allocation throughout Bitcoin volatility.
Bitcoin Price Tests Resistance as Analyst Flags Pattern
At press time, the BTC price was at $67,012. Price rebounded from the $63,000 to the $64,000 demand zone. It now exams mid-range resistance between $67,000 and $68,000.
Source: TradingView
Repeated rejections seem close to $68,500 to $69,000. Meanwhile, help is round $65,000, with stronger backing close to $63,000. The greater low formation from Feb. 28 into March factors to a firmer short-term construction.
According to analyst Milk Road, Bitcoin simply logged its fifth consecutive crimson month and approaches a sixth. The analyst famous the same stretch occurred in 2018 and 2019. He reported that the prior six-month decline preceded a 316% return over 5 months.
