ProCap Financial reports Bitcoin holdings of 5,007 coins and repurchases 148,241 common shares

BTC3,52%

ChainCatcher News reports that Nasdaq-listed Bitcoin financial company ProCap Financial announced it has repurchased 148,241 common shares on the open market. In addition, the company disclosed that its current Bitcoin holdings amount to 5,007 coins, valued at approximately $335 million, along with $75 million in cash and about $100 million in convertible bonds.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin Funding Rate Drops to 6%, Lowest Level Since Early 2023

The Bitcoin derivatives market has seen a significant decline in the funding rate, dropping to a 30-day percentile of 6%, the lowest since early 2023. This shift reflects a strong trend toward short positions, indicating bearish sentiment and potential market volatility.

BlockChainReporter6m ago

French couple robbed at knifepoint by fake police during home invasion, forced to transfer approximately $1 million worth of Bitcoin

On March 10th, a French couple was attacked at home by three fake police officers armed with knives, forcing them to transfer approximately 900,000 euros worth of Bitcoin. The couple was injured and tied up, and the assailants fled. This case is the latest example of a "wrench attack" in cryptocurrency. Several similar incidents have occurred in France this year.

GateNews7m ago

Investment bank B. Riley initiates coverage on Strategy and Strive, both with a Buy rating, with target prices of $175 and $12 respectively.

Investment bank B. Riley initiates coverage on Strategy (MSTR) and Strive (ASST), both with a buy rating, with target prices of $175 and $12 respectively. Due to the decline in Bitcoin prices affecting market capitalization, both companies' stock prices are below their net asset value, but analysts believe their preferred stock yields are attractive and could drive growth in digital credit financing.

GateNews8m ago

Garrett Jin: Risk assets will remain under pressure until the Strait of Hormuz reopens

Garrett Jin analyzes the impact of the Strait of Hormuz crisis on the market, believing that the crisis will continue to affect risk assets and that 3 to 6 weeks are needed to rebuild the insurance mechanism. The rise in oil prices reflects supply disruptions, and risk assets need to wait for event developments before rising. The recent trend is an increase in crude oil and interest rates.

GateNews19m ago
Comment
0/400
No comments