Editor's PiCK
Eric Trump: "Will Win the Bitcoin (BTC) Accumulation Race by Mining Directly"
Summary
- Eric Trump has expressed his ambition to win the Bitcoin accumulation race by directly mining through the Bitcoin mining company 'American Bitcoin'.
- He emphasized that they will mine Bitcoin efficiently and cost-effectively to surpass in the long-term holding competition.
- Eric sees Bitcoin as the next-generation global payment system and intends to secure it through mining, avoiding high purchase prices.
Eric Trump has expressed his ambition to win the Bitcoin (BTC) accumulation race by directly mining through the Bitcoin mining company 'American Bitcoin'.
According to the cryptocurrency media outlet Coingape on the 16th, Eric Trump stated at the 'Consensus 2025' event held in Toronto, Canada, on the previous day (15th, local time), "We will mine Bitcoin in the most efficient and cost-effective way," and "I believe we will eventually win the Bitcoin accumulation race." Eric also showed his determination to surpass in the long-term holding competition.
American Bitcoin is a Bitcoin mining company launched in March, involving the two sons of former President Trump.
Eric Trump emphasized, "While other companies are purchasing Bitcoin at over $100,000, we will mine directly at the $37,000 to $38,000 level." He added, "We see Bitcoin as the next-generation global payment system to replace SWIFT."
Currently, Strategy holds about 568,000 BTC and has additionally purchased 13,390 BTC for approximately $1.34 billion in the second quarter of this year. On the other hand, the holdings of American Bitcoin have not yet been disclosed. It is known that the parent company, Hut 8, holds about 11,000 BTC.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
