Eric Trump’s Company Adds $38M in Crypto Amid Volatility

• American Bitcoin Corp., which is backed by Eric and Donald Trump Jr., bought 416 more Bitcoin, bringing their total to about 4,783 coins worth about $440 million.
• Anthony Pompliano’s ProCap Financial added 49 Bitcoin to their treasury, bringing their total to 5,000 coins.
  

Big companies are putting more money into Bitcoin as the world of cryptocurrency moves quickly. Eric Trump started the mining company American Bitcoin Corp., and they just bought something big. They paid about $38 million for 416 Bitcoin. This means they now have 4,783 Bitcoin. At today’s prices, that’s almost $443 million. The company talked about this news and how they plan to keep building reserves in a press release.

Eric Trump, the company’s president, says that Bitcoin is important for the future of the US. He said in a recent statement that this purchase caused the company’s “Satoshis per share” growth to rise by more than 17%. That’s one way to figure out how much Bitcoin each share of the company has. It shows that they are more interested in long-term value than short-term wins.

On the other hand, ProCap Financial, which is run by Anthony Pompliano, is also growing. In the world of crypto, people call him “Pomp.” He runs a business that sees Bitcoin as a key asset. They got 49 more Bitcoin this week, which brings their total to 5,000. Pomp said in a company update that this fits with their plan to grow slowly but surely. They are smart about how they grow their investments, so they don’t have to take on a lot of risk.

These purchases happen when the price of Bitcoin is about $92,000, which is lower than it was a few days ago. But both companies are still buying more. It proves that you are sure. The price of American Bitcoin’s stock (ABTC) went up a little today, but it’s still a lot lower than it was at its highest point. The same goes for ProCap’s shares (BRR). Leaders like Pomp still get paid based on how well they do. Until the stock price goes up three times, he only makes $1 an hour.

Experts are very interested in these moves. They show that companies now think Bitcoin is a safe place to store money, just like gold. The fact that the Trump family is involved gives it a political angle. If President Trump talks about a U.S. Bitcoin reserve, these companies might be the first to do it.

Note: This news was written by our editor, rewritten with the help of AI, and reviewed by our editor to ensure its accuracy and compliance with our standards.