Anthony Pompliano’s ProCap Financial bought 450 BTC, raising its treasury to 5,457 BTC and trading under Nasdaq ticker BRR. Gold advocate Peter Schiff publicly criticized the purchase, reiterating his preference for gold over Bitcoin.
American Bitcoin, backed by former President Trump, has surpassed ProCap in corporate Bitcoin valuation amid a pullback in Bitcoin proxy stocks and renewed market volatility. The shift highlights changing investor flows and the competitive dynamics among fiat-backed crypto trusts.