Crypto16 September, 20262 min read
ProCap Financial Sells 50 Bitcoin to Fund Share Buyback Led by Anthony Pompliano
This article is an automated aggregation of coverage from news outlets. Our editorials offer in-depth analysis curated by the NewsCord team.
ProCap Financial sold 50 Bitcoin to fund a share buyback. The buyback boosted per-share BTC exposure for shareholders.
5 outlets told this the same way.
Bitcoin Buybacks, BRR
ProCap Financial, led by Anthony Pompliano, sold approximately 50 Bitcoin to fund a share buyback, picking up its own stock at roughly 22% below net asset value in a September 16 transaction. The Crypto Briefing says the company has now bought back roughly 12.2% of its outstanding shares since December 2025, funded almost entirely by selling small slices of its Bitcoin treasury.
After the sale, ProCap still holds around 5,254 BTC across 84,937,392 outstanding shares, putting the estimated NAV per share at approximately $3.62. The same source describes a pattern of similar trades, including earlier in September 2026 when ProCap executed a similar trade selling roughly 50 BTC to repurchase over 2% of shares at a discount around 40% below NAV.
Theo’s Tokenized Silver
Onchain finance platform Theo launched thSLVR, a yield-bearing tokenized silver product backed by more than $40 million in active leases, expanding its commodities-financing business beyond gold. CoinDesk says thSLVR gives holders exposure to silver while passing on income generated by lending the underlying metal to institutional borrowers, with the credit exposure supported by a parent-company guarantee.
Theo Chief Investment Officer Igor Ioffe said, "The silver market has faced supply deficits for six consecutive years, and lendable inventory in London is nearing a record low," linking the product’s economics to lease rates rather than spot prices. CoinDesk adds that thSLVR is initially available in beta to institutions and whitelisted investors, with broader access planned later.
Market Signals and Scale
A separate Crypto Long & Short newsletter frames the transition from crypto winter to “crypto spring” around indicators including cycle length, exchange and institutional stress, and drawdowns of 77% to 84% below prior peaks. It states that “crypto spring” has historically begun 17 months before the supply halving or 12 to 14 months from the prior peak, adding that September is 17 months before the next halving and 11 months from the prior peak.
The newsletter also notes that BitMEX announced in July that it would close in September, and it says Bitcoin’s drawdown of 53% (Bloomberg price data from October 6, 2025, to June 30, 2026) may be sufficient to count as a sign. In the commodities tokenization space, CoinDesk contrasts tokenized silver’s smaller scale with tokenized gold, saying tokenized commodities represent about $4.9 billion in distributed value across 130 products and that the number of commodity-token holders rose 13% to almost 339,000.