TL;DR
- American Bitcoin increased its reserves by over 1,000 BTC, surpassing ProCap Financial in total holdings.
- The company, linked to Eric Trump, now holds 5,044 BTC, valued at approximately $443 million.
- Corporate accumulation continues despite the volatility in Bitcoin’s price and proxy stocks.
The race among public corporations to accumulate digital assets is not stopping, despite the prolonged drop in the price of Bitcoin (BTC). In this context, something momentous has just happened in the sector: the company backed by Eric Trump, American Bitcoin, surpassed ProCap Financial, a company founded by Anthony Pompliano, in total Bitcoin holdings.
Based on data revealed by the tracking tool BitcoinTreasuries.NET, American Bitcoin added over 1,000 BTC to its reserves since the beginning of December, increasing its holdings to 5,044 BTC, valued at approximately $443 million.
For its part, ProCap Financial, created to build a Bitcoin-focused financial platform and investment vehicle, slipped to 22nd place, maintaining nearly 5,000 BTC, a figure which also increased in recent weeks.
It is worth noting that American Bitcoin went public earlier this year through a reverse merger with Gryphon Digital Mining. The company debuted in March after rebranding from American Data Center and was introduced by President Donald Trump’s sons: Donald Trump Jr. and Eric Trump.
Volatility Puts American Bitcoin’s Corporate Treasury to the Test
The acceleration of the Corporate Bitcoin Treasury occurs in a context of intense market volatility. Wall Street executives have called 2025 Bitcoin’s “IPO moment,” pointing out that early investors’ capital is being monetized as new capital enters the market through ETFs and corporate buyers.
Bitwise Chief Investment Officer, Matt Hougan, and other veterans have highlighted this dynamic of capital “exit” and “entry.”
Nevertheless, stocks with direct exposure to Bitcoin, either through treasury holdings or core business operations, are facing renewed pressure. American Bitcoin is one of the hardest hit, with its shares plunging more than 50% in a single session earlier this month. MicroStrategy’s shares, led by Michael Saylor, have fallen more than 60% from their all-time high, demonstrating the growing tension faced by companies focused on Corporate Bitcoin Treasury.
In summary, despite this market pressure, Bitcoin accumulation does not cease. MicroStrategy, the undisputed leader in this space, announced that it acquired over 10,000 BTC last week alone, raising its two-week total to over 20,000 BTC. The total figure for the top 100 publicly listed corporate holders already exceeds 1.08 million BTC, demonstrating a long-term conviction in the digital asset.
