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Eric Trump: Bitcoin Accumulation Is 'A Race To The Top'

  • Eric Trump spoke at Consensus 2025 on May 12 about Bitcoin accumulation becoming a race to the top favored by institutions and individuals.
  • This event followed increased institutional investments, including Mubadala owning $408.5 million in BlackRock's Bitcoin ETF shares.
  • Trump emphasized American Bitcoin's plan to mine Bitcoin cheaply in the US using low-cost energy as a long-term accumulation strategy.
  • Supporting these plans, Gryphon and Hut 8 announced a stock-for-stock deal causing Gryphon shares to surge over 200% and Hut 8 by 12%.
  • These developments reflect declining legacy resistance and growing global recognition of Bitcoin’s monetary value and institutional support.
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Benzinga broke the news in New York, United States on Thursday, May 15, 2025.
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