American Bitcoin Corp. and ProCap Boost Massive Bitcoin Holdings

American Bitcoin Corp. acquired 416 BTC, raising its total to 4,783 BTC worth over $440 million. Its Satoshis Per Share metric rose 17%. ProCap Financial also increased its holdings to 5,000 BTC.

American Bitcoin Corp. (ABTC) has expanded its Bitcoin holdings by acquiring 416 BTC, bringing its total to approximately 4,783 BTC, valued at over $440 million. The purchase was made at an average price of $91,346 per BTC. The company’s Bitcoin reserves, built through a combination of in-house mining and market purchases, now rank among the largest for U.S.-listed firms focused on BTC accumulation. ABTC’s Satoshis Per Share (SPS) metric, which tracks the amount of Bitcoin attributable to each outstanding share, increased by more than 17% in just over a month, reaching 507 as of December 8. The company aims to continue its strategy of long-term value creation for investors. ABTC shares rose 1.5% following the announcement, though the stock has seen declines over the past month. Meanwhile, ProCap Financial also increased its Bitcoin holdings to 5,000 BTC, adding 49 BTC after a SPAC merger, and reported over $175 million in cash for further purchases. Both companies now rank among the top publicly traded Bitcoin holders.