--- title: "ProCap Financial Soars 10% After Hours: Here's Why" type: "News" locale: "en" url: "https://longbridge.com/en/news/297765183.md" description: "ProCap Financial (NASDAQ: BRR) shares surged 10.10% after hours to $2.29, decoupling from Bitcoin's 1.5% decline. The rally occurred despite a routine SEC filing by CFO Renae Terese Cormier involving the surrender of 80,138 shares for tax purposes on vested restricted stock units, which is not a discretionary sale. The company holds significant Bitcoin exposure, having previously funded buybacks via crypto sales. Currently trading near its 52-week low, the stock shows short-term upward movement amid long-term consolidation." datetime: "2026-09-02T09:26:35.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/297765183.md) - [en](https://longbridge.com/en/news/297765183.md) - [zh-HK](https://longbridge.com/zh-HK/news/297765183.md) generator: "portal-rs" --- # ProCap Financial Soars 10% After Hours: Here's Why **ProCap Financial Inc.** (NASDAQ:BRR) shares climbed 10.10% to $2.29 after the bell on Tuesday. The stock of the New York-based bitcoin-native financial services company closed at $2.08, down 3.70%, according to Benzinga Pro data. ## CFO Filing Surfaces, But It’s Routine On Tuesday, Chief Financial Officer **Renae Terese Cormier** disclosed in a **Securities and Exchange Commission** filing that 80,138 shares were withheld at $2.16 per share, for a total value of about $173,098. The filing’s "F" transaction code indicates that the shares were surrendered to cover taxes related to the vesting of restricted stock units. This is a standard administrative step, not a discretionary stock sale. Cormier continues to directly hold 409,712 shares. ## Bitcoin Slips, Decoupling From BRR’s Rally **Bitcoin** (CRYPTO: BTC), which anchors ProCap’s treasury strategy, traded at $77,489.17, down 1.50%. The decline suggests BRR’s premarket pop is decoupled from broader crypto sentiment rather than driven by it. In June, ProCap funded a share buyback by selling Bitcoin, underscoring how closely the company’s balance sheet moves are tied to its crypto holdings. ## **Trading Metrics, Technical Analysis** ProCap has a market capitalization of approximately $183.81 million. Its stock has traded between a 52-week high of $10.51 and a 52-week low of $1.31. BRR has a Relative Strength Index (RSI) of 55.58. Over the past 12 months, the small-cap stock has fallen 79.53%. BRR is currently trading near its annual low. **Benzinga’s Edge Stock Rankings** indicate that ProCap stock is experiencing long-term consolidation along with medium and short-term upward movement. ***Disclaimer:** This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.* **Read Also: Hewlett Packard Enterprise Pops Nearly 4% After Hours as Dell's AI Boom Boosts Hardware Sentiment: HPE Stock Trends** *Photo courtesy: Shutterstock* ### Related Stocks - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [BRR.US](https://longbridge.com/en/quote/BRR.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [03042.HK](https://longbridge.com/en/quote/03042.HK.md) - [03430.HK](https://longbridge.com/en/quote/03430.HK.md) - [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md) - [SVIA.US](https://longbridge.com/en/quote/SVIA.US.md) - [HPE.US](https://longbridge.com/en/quote/HPE.US.md) - [DELL.US](https://longbridge.com/en/quote/DELL.US.md) - [BRRWW.US](https://longbridge.com/en/quote/BRRWW.US.md) - [HPE-C.US](https://longbridge.com/en/quote/HPE-C.US.md) ## Related News & Research - [Two solo Bitcoin miners hit jackpot blocks on consecutive days](https://longbridge.com/en/news/303278234.md) - [Franklin Moves Bitcoin DRIP ETFs Toward Nasdaq With Dividend Reinvestment Plan](https://longbridge.com/en/news/302966133.md) - [Crypto Strategist Who Nailed 2025 Bitcoin Top Warns BTC Could Drop Below $70,000 – Here’s His Price Target](https://longbridge.com/en/news/302980144.md) - [2 Cryptocurrencies to Buy and Hold Through 2030](https://longbridge.com/en/news/302316337.md) - [Strategy's bitcoin buying hinges on one number: STRC at $100](https://longbridge.com/en/news/303462974.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**