ProCap Financial (NASDAQ:BRR) surged 7% after buying 450 Bitcoin (CRYPTO: BTC) and repurchasing 782,408 shares, as Peter Schiff questioned CEO Anthony Pompliano why he’s buying Bitcoin instead of just buying discounted shares.

The Schiff Challenge

Schiff posted on X: “Why buy any more Bitcoin while your shares trade at a discount to NAV? It makes more sense to just use all of that money to buy discounted shares. That’s a cheaper way to buy Bitcoin than paying full price in the market.”

Pompliano responded that regulatory limits on share repurchases based on prior trading volume constrain how aggressively ProCap can buy back stock. 

“We have been trying to max out the full amount…

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