Eric Trump's American Bitcoin and Anthony Pompliano's ProCap Add to BTC Holdings
Summary
American Bitcoin Corp. (ABTC), co-founded by Eric Trump, added 416 bitcoin to its reserves in the week ending December 8, bringing its total holdings to 4,783 BTC. ABTC's Satoshis Per Share (SPS) metric rose over 17% in a month, though its stock is recovering from a 50% flash crash triggered by unlocked private placement shares. Separately, ProCap Financial (BRR), led by Anthony Pompliano following a SPAC merger, acquired 49 bitcoin, reaching 5,000 BTC, while employing a tax-conscious strategy. Both companies saw modest stock gains Wednesday but remain significantly down over the past several days, ranking 21st and 22nd among publicly-traded bitcoin holders according to bitcointreasuries.net.
(Source:CoinDesk)