ProCap Financial, Inc. continued its twin strategic thrusts this week with the acquisition of 450 Bitcoin, bringing its total holdings to 5,457 BTC and lowering its average cost basis per coin, the company announced. 

The aggressive accumulation comes as Bitcoin trades near $65,000, presenting what management views as a long-term buying opportunity amid broader market volatility.

Chairman and CEO Anthony Pompliano said the Bitcoin purchases enhance the company’s balance sheet and position it to benefit from future upward movements in the flagship cryptocurrency.

“We are doing two things at the same time: buying Bitcoin to average down our total cost basis and buying back…

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