Eric Trump Pitches Family's 'American Bitcoin' Mining Firm as a Strategy-Style Proxy Bet

Eric Trump pitches family's 'American Bitcoin' mining firm as a Strategy-style proxy bet

The son of President Donald Trump also said he isn’t worried about the increasingly crowded field of Bitcoin stockpilers.

Key Points of the News Switching from Purchase to Mining: American Bitcoin is boldly changing from buying Bitcoin to mine it directly, with a production cost target of just $37,000 to $38,000 per coin. Underestimating traditional methods: The low-cost mining model is designed to challenge established strategies, offering a more efficient and cost-effective way to accumulate Bitcoin. Controverted but revolutionary: Despite criticism of potential …

Eric Trump Bets on Low-Cost Mining Over Market Buys in BTC Strategy

American Bitcoin plans to mine BTC far below current market prices. The firm aims to surpass MicroStrategy by focusing on mining, not purchases. Eric Trump has entered the Bitcoin race with a mining-first approach, aiming to acquire BTC at a fraction of market price. During Consensus 2025, he disclosed that his firm, American Bitcoin, plans to mine Bitcoin at production costs between $37,000 and $38,000 per coin. This is significantly lower than…