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Silvia Reduces Bitcoin Holdings by 124 BTC While Repurchasing 2.3% of Shares
The company held about 5,130 Bitcoin as of Sept. 22, down from roughly 5,254 on Sept. 15. Its net asset value was about $4.27 per share.
Mentioned assets
Silvia, formerly ProCap Financial, reduced its Bitcoin (BTC) holdings by about 124 BTC while repurchasing an additional 2.3% of its outstanding common shares since Sept. 15.
The company held approximately 5,130 BTC at the close of Sept. 22, compared with roughly 5,254 BTC one week earlier. Silvia had 82,881,223 shares outstanding, while its net asset value stood at about $4.27 per share.
The company has repurchased about 14.5% of its outstanding shares since launching the buyback program. Silvia plans to continue the repurchases until its stock no longer trades below net asset value.
