Jeff Park voluntarily resigned as Chief Investment Officer of ProCap Financial (BRR), effective April 3, 2026, according to an SEC filing.
The departure ends an eight-month stint at the Bitcoin treasury company founded by Anthony Pompliano. ProCap has not named a successor.
What the SEC Filing Reveals
The 8-K filing states Park’s exit was voluntary and not tied to any disagreement with ProCap’s board over operations, policies, or practices. Park also resigned from all subsidiary positions.
Resigned as CIO of ProCap today.
Day 1 of whatever’s next.
More soon.
— Jeff Park (@dgt10011) April 4, 2026
His separation agreement, dated April 3, includes salary continuation through May 8, 2026, and continued vesting of restricted stock units through August 2026.
ProCap will also cover up to six months of group health insurance.
However, one detail stands out. The company waived Park’s non-compete covenant entirely.
He remains bound by confidentiality, non-solicitation, and non-disparagement clauses.
Park’s Role at ProCap
Park joined ProCap in mid-2025 after serving as Head of Alpha Strategies at Bitwise Asset Management. Pompliano recruited him to lead investment strategy and portfolio construction for the Bitcoin-focused firm.
During his tenure, ProCap accumulated roughly 5,457 $BTC and executed share buybacks to narrow a persistent discount to net asset value. The firm ranks 19th among public companies holding Bitcoin.
Park also purchased BRR shares personally in December 2025.
He became a vocal advocate for what he called “Radical Portfolio Theory,” arguing that heavy Bitcoin allocations should replace traditional 60/40 portfolio models.
That framework shaped much of ProCap’s public-facing investment thesis.
What Comes Next
ProCap raised over $750 million through its SPAC merger and continues to pursue Bitcoin accumulation alongside financial services for retail investors.
Today I am announcing a $1 BILLION merger to create ProCap Financial, a bitcoin-native financial services.
The company will be a publicly traded entity on Nasdaq at the conclusion of the proposed business combination between my private company ProCap $BTC, LLC and Columbus Circle…
— Anthony Pompliano 🌪 (@APompliano) June 23, 2025
Without a named CIO, the firm’s investment direction now rests more directly with Pompliano.
Park’s waived non-compete opens the door to a competing firm or a new venture. His next step remains unannounced.