Trump-backed American Bitcoin flips ProCap in corporate BTC treasury race
American Bitcoin has surpassed ProCap Financial in corporate Bitcoin holdings, reaching over 5,044 BTC.Summary
Despite Bitcoin's recent price decline, corporate treasury accumulation continues, with American Bitcoin, backed by Eric Trump, overtaking ProCap Financial (founded by Anthony Pompliano) in total BTC reserves. American Bitcoin now holds 5,044 BTC, valued around $443 million, after adding over 1,000 BTC since December, pushing ProCap to 22nd place with about 5,000 BTC. American Bitcoin went public earlier this year via a merger with Gryphon Digital Mining and was introduced by Donald Trump's sons. The corporate Bitcoin treasury race is accelerating, with the top 100 listed holders accumulating over 1.08 million BTC collectively. However, equities with direct Bitcoin exposure have faced volatility, with American Bitcoin's stock plunging over 50% recently, though companies like Strategy continue aggressive buying.
(Source：Cointelegraph)