American Bitcoin Surpasses ProCap in Corporate Bitcoin Treasury Rankings

Bitcoin has experienced a prolonged decline in value, yet corporate treasury entities are continuing to collect the cryptocurrency. Eric Trump-backed American Bitcoin has now surpassed ProCap Financial, launched by entrepreneur Anthony Pompliano, in terms of total Bitcoin holdings.

Key Takeaways

American Bitcoin has accumulated over 1,000 Bitcoin, surpassing ProCap Financial.
ProCap Financial now ranks 22nd among corporate Bitcoin holders, with around 5,000 BTC.
The corporate Bitcoin treasury competition is intensifying, with top firms holding over 1.08 million BTC.
Bitcoin stocks are seeing increased volatility, with significant drops for companies such as American Bitcoin and Strategy.

American Bitcoin Surpasses ProCap in Corporate Bitcoin Treasury Rankings

American Bitcoin Emerges as Leader

American Bitcoin recently publicly listed its shares following a merger with Gryphon Digital Mining, a company involved in Bitcoin mining. It made its market debut in March after rebranding from American Data Center, and the venture has been prominently supported by Donald Trump Jr. and Eric Trump.

ProCap Financial, initially established to create a Bitcoin-centric financial platform, fell to the 22nd position among corporate Bitcoin holders. Despite increasing its holdings recently, it currently holds approximately 5,000 BTC.

Corporate Bitcoin Holdings Overview Source: BitcoinTreasuries.NET

The Corporate Bitcoin Race Intensifies

Bitwise chief investment officer Matt Hougan describes 2025 as Bitcoin's "IPO moment," a sentiment shared by several Wall Street veterans. They suggest that early investors are beginning to see substantial returns as new investments flow into the market through exchange-traded funds and corporate acquisitions.

Jordi Visser of 22V Research explained in a recent podcast that this moment resembles an IPO, where early supporters cash in and founders accrue wealth, resulting in significant returns for venture capitalists.

As the race among corporate holders heats up, the top 100 publicly traded Bitcoin holders have accumulated more than 1.08 million BTC collectively. However, companies directly involved with Bitcoin, whether through treasury holdings or business operations, are facing renewed market volatility.

American Bitcoin has been significantly affected, with its stock price plummeting over 50% in a single day earlier this month. Meanwhile, shares of Strategy, led by Michael Saylor, have dropped more than 60% from their all-time highs, reflecting the mounting challenges facing Bitcoin-focused treasury firms.

Strategy Holdings Source: Strategy

Despite these fluctuations, corporate entities continue to expand their Bitcoin acquisitions. For instance, Strategy reported on Monday that it had bought more than 10,000 BTC in just one week, bringing its total BTC acquisitions to over 20,000 within two weeks.

In summary, the race to accumulate Bitcoin among corporate treasuries appears to be gaining momentum, presenting both challenges and opportunities as companies navigate the volatile cryptocurrency market.