BTC Holdings Grow as Eric Trump’s American Bitcoin and Anthony Pompliano’s ProCap Make Additions

Shares of two bitcoin-focused companies posted modest gains Wednesday, though both remain significantly lower over the past several days.

American Bitcoin Corp. (ABTC), co-founded by Eric Trump, who now serves as chief strategy officer, added 416 BTC to its reserves in the week ended Dec. 8. Majority-owned by bitcoin miner Hut 8 (HUT), ABTC now holds 4,783 BTC, according to a press release.

ABTC’s benchmark metric, Satoshis Per Share (SPS), rose to 507—up more than 17% in just over a month. SPS represents the amount of bitcoin tied to each outstanding share. The stock edged higher in early Wednesday trading but has yet to recover from a 50% flash crash on Dec. 2, triggered by unlocked pre-merger private placement shares.

ProCap Financial (BRR), led by Anthony Pompliano and having completed its SPAC merger last week, added 49 BTC to reach a total of 5,000 coins. The purchase generated a realized loss that can offset future gains. “By using a tax-conscious optimization strategy, we created real value for shareholders,” Pompliano said. BRR also gained slightly in early trading but remains down more than 60% over the past several days.

According to BitcoinTreasuries.net, BRR and ABTC rank as the 21st and 22nd largest publicly traded bitcoin holders.