With over 568,000 Bitcoins worth $68 billion, Michael Saylor’s MicroStrategy is now the largest institutional investor in BTC. Now, Eric Trump aims to dethrone Saylor as he revealed ambitious Bitcoin accumulation plans at Consensus 2025 for his new BTC mining company. Trump predicts that American Bitcoin will dominate BTC mining and will close the gap between it and Michael Saylor’s MicroStrategy.
As Consensus 2025 gets underway, American Bitcoin co-founder Eric Trump has unveiled plans to increase the company’s BTC holdings. Rather than purchase BTC from OTC exchanges, Eric Trump is targeting an efficient, low-cost Bitcoin mining strategy.
Launched in March 2025 in partnership with Hut 8 CEO Asher Genoot, Eric Trump is positioning American Bitcoin to compete with MicroStrategy. Trump noted that there are two heated races for Bitcoin: a buying spree led by Michael Saylor’s MicroStrategy and a mining strategy.
“I think 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 Eric Trump at a Consensus 2025 panel.
Trump disclosed that American Bitcoin will win the BTC mining race by a country mile. Furthermore, he argues that while other institutions are buying Bitcoin above $100K, American Bitcoin will mine the crypto at $37K – $38K.
Eric Trump is going all in on Bitcoin after predicting that cryptocurrencies will replace the SWIFT payment system.
Armed with a strategy to mine the cheapest Bitcoin, Eric Trump says his firm will “win” the BTC marathon. He notes that his firm remains unfazed by the rising institutional interest in the space by sovereign wealth funds.
“It’s a race to the top right now, and there are a lot of people running fast,” said Trump. “I promise you we are going to beat them in this marathon.”
Eric Trump’s American Bitcoin will have to contend with MicroStrategy’s aggressive BTC accumulation. The Saylor-led firm has a first-mover advantage, racking up 568,000 BTC in under six years. Microstrategy acquired 13,390 BTC for $1.34 billion at the start of the week, continuing its aggressive buying streak in Q2. On Thursday, CoinGape Media reported that the Saudi Central Bank also has a significant investment in Saylor’s Strategy, indicating an indirect exposure to crypto.
However, American Bitcoin has not publicly disclosed its BTC holdings, but its parent company, Hut 8, has less than 11,000 BTC. Furthermore, American Bitcoin will have to raise a staggering $60 billion to flip MicroStrategy while dealing with a string of regulatory issues.
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