At Consensus 2025, Eric Trump revealed bold plans for his Bitcoin mining company, American Bitcoin, as he seeks to compete with Michael Saylor’s MicroStrategy in the ongoing Bitcoin accumulation race. Trump’s strategy is centered around low-cost mining, positioning American Bitcoin to mine Bitcoin at a fraction of the cost compared to current market prices, potentially giving it an edge in the long-term battle for Bitcoin dominance.
The Mining Race: Trump vs. Saylor
Eric Trump, co-founder of American Bitcoin, acknowledged that MicroStrategy is currently leading the charge in Bitcoin accumulation, having amassed over 568,000 BTC in less than six years. However, Trump emphasized that American Bitcoin intends to dominate the mining aspect of the industry by adopting a highly efficient, low-cost mining strategy, which he believes will help the company eventually overtake MicroStrategy as the largest holder of Bitcoin.
“We’re going to accumulate a tremendous amount of Bitcoin, but I also want to be the one mining it by far the cheapest,” said Trump during his appearance at Consensus 2025. He also revealed that American Bitcoin plans to mine Bitcoin at a cost of $37K–$38K per BTC, far below the current market price, which often exceeds $100K for large institutional purchases.
American Bitcoin’s Competitive Edge
American Bitcoin, which launched in March 2025 in partnership with Hut 8 CEO Asher Genoot, is setting itself apart by focusing on the mining race rather than purchasing Bitcoin from over-the-counter (OTC) markets. Trump is confident that his company’s mining strategy will allow it to “win the BTC marathon,” and he remains undeterred by the growing interest from institutional players, including sovereign wealth funds, in the Bitcoin space.
Trump remarked, “It’s a race to the top right now, and there are a lot of people running fast. I promise you we are going to beat them in this marathon.”
However, the path to supremacy will not be easy. While MicroStrategy’s aggressive accumulation strategy has secured its place as a leading Bitcoin holder, American Bitcoin will have to overcome substantial hurdles. The company has not publicly disclosed its Bitcoin holdings, but Hut 8, its parent company, currently holds less than 11,000 BTC. To surpass MicroStrategy, American Bitcoin would need to acquire significant additional BTC and potentially raise up to $60 billion.
Regulatory Scrutiny and Challenges
American Bitcoin’s rapid rise is not without complications. The Trump family’s cryptocurrency ventures have already attracted attention from U.S. lawmakers, who have raised concerns about potential conflicts of interest and fraud. These regulatory hurdles could pose significant challenges as the company works to solidify its position in the Bitcoin mining sector.
Despite these challenges, Eric Trump remains confident that his company’s strategy will allow American Bitcoin to catch up to, and eventually surpass, MicroStrategy in the race to dominate the Bitcoin market.
The Bigger Picture: Cryptocurrencies Replacing Traditional Systems
In addition to his mining plans, Trump expressed his belief that cryptocurrencies will eventually replace traditional financial systems such as the SWIFT payment network. This further underscores his commitment to the cryptocurrency industry and his long-term vision for American Bitcoin.
As the race for Bitcoin dominance intensifies, all eyes will be on American Bitcoin and its ability to execute its low-cost mining strategy while navigating regulatory scrutiny.
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