American Bitcoin Corporation (Nasdaq: ABTC) increased its Bitcoin reserves by approximately 416 BTC last week, bringing its total holdings to around 4,783 BTC as of December 8. This growth positions the company among the largest Bitcoin reserve holders listed in the United States, focusing on Bitcoin accumulation through a combination of mining and strategic market purchases. Additionally, some Bitcoins are held as collateral under supply agreements with hardware manufacturer Bitmain. Since its Nasdaq listing earlier this year, ABTC has also seen a rise in its proprietary metric, Satoshis Per Share (SPS), which reached 507 on December 8, reflecting a more than 17% increase over the past month. Co-founder and Chief Strategy Officer Eric Trump attributed this rapid growth to the company’s operational model and cost structure, emphasizing a long-term value creation approach rather than short-term price movements.
Meanwhile, ProCap Financial (Nasdaq: BRR), led by Anthony Pompliano, has expanded its Bitcoin reserve to 5,000 BTC after recently acquiring an additional 49 BTC. This purchase was arranged as a tax loss to offset future gains, aligning with ProCap’s long-term Bitcoin accumulation strategy while maintaining balance sheet flexibility. ProCap currently holds over $175 million in cash available for further acquisitions and operations. Despite these increases in Bitcoin holdings, both companies have experienced recent share price declines, with ABTC shares dropping sharply earlier this month and BRR shares falling over 60% in recent days. According to bitcointreasuries.net, ProCap and American Bitcoin rank 21st and 22nd, respectively, among publicly traded companies holding Bitcoin reserves.
Source: bitcoinmagazine
