ProCap Financial (BRR) rose 5.43% to $2.79 after the company disclosed a 450 BTC purchase and reported progress on an expanded share repurchase program.
Galaxy has authorized a 12-month repurchase program for up to $200 million of Class A shares, a move to shore up its stock after declines that tracked Bitcoin. The buyback signals management confidence and may provide near-term support for crypto-linked equities.
Crypto treasury firm AVAX One announced a $40 million buyback program to repurchase common stock, signaling confidence in its balance sheet and capital allocation. The move may support the company’s share price and investor sentiment in crypto-focused equities.