ProCap now owns 5,457 bitcoin, worth nearly $375 million as of Monday morning, and has over 82 million basic shares still outstanding, according to a statement.
Publicly-traded bitcoin treasuries have generally seen their share value deteriorate dramatically amid BTC's massive price drop, a decline that kicked off late last year. ProCap's shares, trading just over $10 per share for months after it began accumulating bitcoin, plummeted in November. The company's shares, ticker BRR, rose about 6% Monday morning $BTC to $2.80
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ProCap now owns 5,457 bitcoin, worth nearly $375 million as of Monday morning, and has over 82 million basic shares still outstanding, according to a statement.
Publicly-traded bitcoin treasuries have generally seen their share value deteriorate dramatically amid BTC's massive price drop, a decline that kicked off late last year. ProCap's shares, trading just over $10 per share for months after it began accumulating bitcoin, plummeted in November. The company's shares, ticker BRR, rose about 6% Monday morning $BTC to $2.80