Traditional Finance Decline Alert: SNOW drops over 8%

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

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.

USD1 briefly drops to 0.997 USD, World Liberty Financial says it was a "coordinated attack"

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Anthony Pompliano's Bitcoin Treasury ProCap Buys Back Stock Amid 85% Price Plunge

In brief ProCap Financial bought back more shares of BRR as the firm's market cap continues to trade below the value of its assets. The firm of crypto personality Anthony Pompliano holds 5,007 BTC valued around $325 million. Shares in the firm are down 85% from last year's peak. ProCa