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.
Bitcoin’s recent rally may just be the beginning, according to Bitwise Chief Investment Officer Matt Hougan, who sees a path for the leading cryptocurrency to more than double in value by year-end.
Brazil has just joined the list of countries where public companies are embracing Bitcoin as a long-term financial strategy.
Speaking at Consensus 2025 in Toronto, Ethereum co-founder Anthony Di Iorio offered a nuanced take on the evolving relationship between the world’s two most prominent cryptocurrencies.
In a growing shift toward indirect Bitcoin investment, 14 U.S. states significantly expanded their stakes in Strategy (formerly MicroStrategy) during the first quarter of 2025.