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I just found out that ProCap Financial deposited 450 bitcoins into their wallet. Nothing unusual in itself, but what's interesting is that at the same time they are accelerating their share buyback. In other words, they are betting heavily on two fronts at once.
For those who don't follow closely, ProCap Financial is Anthony Pompliano's firm, so basically it's like someone who knows the subject is saying "I trust Bitcoin right now." And the share buyback is a sign that they also see value in their own business. Rare to see a company do both things with such intensity at the same time.
Share buybacks usually mean they believe their shares are undervalued, so they are buying them back. Combined with 450 bitcoins... I don't know, it seems like they are preparing for something. What do you all think, is this bullish or just a normal strategic move?