ProCap Financial

ProCap Financial, Inc.

Treasury Qualification

Treasury classificationBitcoin Operating Company

Qualification tierCore Directory

Directory statusIncluded

Ownership statusCompany-owned Bitcoin held on ProCap Financial's balance sheet. The company reported 5,457 BTC after acquiring an additional 450 BTC on March 2, 2026. No customer, borrowed, or third-party-owned Bitcoin is included. ProCap has outstanding convertible notes and may use Bitcoin-related options and investment strategies, but no precise current pledged-versus-unencumbered Bitcoin allocation was disclosed.

Strategic intent

ProCap Financial is a Bitcoin-native financial services company whose policy is to hold a majority of treasury reserve assets in Bitcoin. The company intends to use its Bitcoin balance sheet to support financial products, trading strategies, yield generation, share repurchases, and long-term shareholder value creation.

Bitcoin Treasury

BTC counted in directory5,457 BTC

Estimated value$347,758,239BTC price retrieved: July 28, 2026 at 19:56 UTC

Holdings as ofMarch 2, 2026

Average purchase priceNot disclosed

Ownership and Restrictions

Component figures are shown only when separately disclosed. “Not separately disclosed” does not imply zero.

Total BTC reported5,457

Unencumbered / unrestrictedNot separately disclosed

Pledged as collateralNot separately disclosed

Loaned to third partiesNot separately disclosed

Subsidiary-ownedNot separately disclosed

Other restricted / receivableNot separately disclosed

Latest Financial Results

Reporting period: Year ended December 31, 2025

RevenuePending

Operating income/lossPending

Net income/lossPending

Cash$72,000,000

Management

Chief executive officer: Anthony Pompliano
Chief financial officer: None
Executive chair: Anthony Pompliano

Research Notes

ProCap Financial reported 5,457 BTC after acquiring an additional 450 BTC on March 2, 2026. Its most recent Form 10-K stated that, as of February 12, 2026, it held approximately 5,007 BTC and that its policy is to hold a majority of total treasury reserve assets in Bitcoin. The company also stated that it only intends to sell Bitcoin in extraordinary circumstances, while it may use put and call options contracts as part of a broader Bitcoin treasury and yield-generating strategy. ProCap is treated as a Bitcoin Operating Company rather than a pure Bitcoin Treasury Company because its business model is to develop financial products and services around its Bitcoin balance sheet. A February 2026 update reported approximately $72 million of cash and approximately $100 million of outstanding convertible notes. The disclosures reviewed for this record did not identify an exact amount of Bitcoin as pledged, loaned, borrowed, customer-owned, or otherwise restricted, so current encumbrance fields remain unspecified.