Bitaigen Research 
American Bitcoin (American Bitcoin) has overtaken the ProCap Financial firm—founded by Anthony Pompliano—in total holdings, even though Bitcoin’s price has been highly volatile lately. Companies continue to increase their positions in the digital asset.
ProCap Financial builds its platform and investment tools around Bitcoin. The firm currently ranks 22nd on the corporate holder leaderboard, with roughly 5,000 BTC under its control. Data also show that ProCap has been expanding its Bitcoin reserve in recent weeks.
*Source: BitcoinTreasuries.NET*
The American Bitcoin company went public via a reverse merger with publicly listed miner Gryphon Digital Mining. After the name change, it debuted on the market in March, introduced by Donald Trump Jr. and Eric Trump.
At the same time, Pompliano’s ProCap completed a US $750 million financing round through a special‑purpose acquisition company (SPAC) during the summer and also became publicly listed, aiming to give investors a channel into Bitcoin and the broader digital‑asset economy.
In this article we outline how the Trump‑backed American Bitcoin firm turned the tables in the holdings race, analyze the policy support, corporate‑M&A pathways, and potential impact on industry dynamics, providing readers with an up‑to‑date view of institutional positioning. The piece is worth a close read for practical reference.
Bitcoin‑related stocks under pressure
Bitwise’s chief investment officer Matt Hougan called 2025 the “IPO moment” for Bitcoin, a view echoed by several seasoned Wall Street professionals. They argue that with ETFs and corporate buyers injecting fresh capital, early holders are gradually cashing out.
In a recent podcast with Anthony Pompliano, Jordi Visser of 22V Research said: “In traditional finance this stage is equivalent to an IPO—it marks the point when early believers monetize, founders get rich, and venture capitalists return capital to limited partners.”
The pace of corporate competition for Bitcoin reserves has clearly accelerated; the top 100 listed companies now collectively hold over 1.08 million BTC. By contrast, stocks directly linked to Bitcoin—whether through balance‑sheet reserves or core business exposure—have shown new volatility amid a broader risk re‑pricing.
The U.S.‑focused Bitcoin sector has felt the sharpest hit, with its share price falling more than 60 % at the start of the month, indicating that finance firms centered on Bitcoin are under mounting pressure.
*Source: Strategy*
Even amid market turbulence, corporations have not slowed their buying pace. Strategy reported on Monday that just last week the firm purchased over 10,000 BTC, pushing the two‑week cumulative acquisition to exceed 20,000 BTC.
The above summarizes the latest developments in which the Trump‑supported American Bitcoin (BTC) has reversed the competition with ProCap’s treasury. For further information on BTC treasuries and the Trump‑aligned group’s overtaking of ProCap, follow the coverage from Bitaigen (比特根).
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