Eric Trump is positioning himself at the center of Bitcoin’s next major frontier—mining.
Speaking at the Consensus 2025 event in Toronto, he revealed his new venture, American Bitcoin, and outlined plans to transform it into a dominant force in the industry.
While global interest in Bitcoin surges, Trump noted that everyone from state-backed funds to global conglomerates is rushing to secure BTC. “Wherever I go, whether in the air or on the ground, all I hear is Bitcoin,” he said, capturing the sense of urgency surrounding crypto accumulation.
But unlike many institutional players focusing solely on buying, Trump aims to compete directly with Michael Saylor’s MicroStrategy—not by purchasing Bitcoin at six-figure prices, but by mining it more efficiently. His goal? Produce BTC at a fraction of the market rate, targeting extraction costs as low as $37,000.
Calling it a two-track race—one to accumulate, one to produce—Trump believes American Bitcoin will lead the latter, combining strategic infrastructure with cost-effective operations to claim a top spot in the global mining sector.
SpaceX has moved 1,308 BTC—worth roughly $150 million—to a new wallet address, marking its first on-chain activity in more than three years.
According to a new chart shared by Bitcoin Magazine Pro, the current Bitcoin market cycle may be entering its final stretch—with fewer than 100 days remaining before a potential market top.
Bitcoin (BTC) is once again hovering near its all-time high today as trading volumes have jumped by 13% in the past 24 hours upon breaking the $119,000 barrier, favoring a bullish Bitcoin price prediction. The top crypto has booked gains of 16% in the past 30 days and reached a new record at $123,091 earlier […]
Bitcoin is consolidating around $119,000 after last week’s all-time high above $123,000.