American Bitcoin Corp expanded its Bitcoin holdings during the week ended December 8, adding 416 BTC to bring its total reserve to 4,783 BTC. The company, majority owned by Hut 8 and co-founded by Eric Trump, said its Satoshis Per Share metric rose to 507, reflecting a more than 17% increase over the past month. Shares of ABTC were modestly higher on December 10 but remain well below levels seen before a sharp selloff earlier in December.
ProCap Financial, which recently finalized its SPAC merger and is led by Anthony Pompliano, also added to its Bitcoin position. The company purchased 49 BTC, lifting its total holdings to 5,000 BTC. ProCap said the transaction created a realized loss that can be used to offset future taxable gains, framing the move as part of a broader tax optimization strategy. Its shares also ticked higher in early trading, though the stock has declined significantly over the past several sessions.
Both firms continue to expand their balance-sheet exposure to Bitcoin as part of their corporate strategies, positioning themselves among the largest publicly traded holders of the asset. According to industry data, ProCap and American Bitcoin now rank as the 21st and 22nd largest public companies by BTC holdings.
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