Eric Trump, Surpassing Saylor? Bitcoin Accumulation War Begins

▲ Eric Trump, surpassing Saylor? Bitcoin accumulation war begins/AI generated image

Eric Trump has directly challenged Michael Saylor's Strategy. By revealing an aggressive accumulation strategy to acquire the most Bitcoin at the lowest possible cost without selling it on the market, the competition for Bitcoin acquisition in the US is once again gaining attention.

According to crypto media outlet Finbold on May 13 (local time), Eric Trump, the second son of US President Donald Trump and founder of American Bitcoin, a Bitcoin (BTC) mining and financial management company, recently stated in an interview with David Lin that “there are currently two competitions in the market.” He explained that one is the competition to hold the most Bitcoin, and the other is the competition to acquire Bitcoin at the lowest cost.

While praising MicroStrategy co-founder Michael Saylor as an “amazing visionary,” Trump emphasized that American Bitcoin aims to win the competition to acquire the most Bitcoin at a lower cost. He stated, “Our company’s sole goal is to increase our Bitcoin holdings,” adding, “A catastrophic situation would have to occur for us to sell Bitcoin.”

Notably, the company's core strategy is to continuously accumulate mined Bitcoin without selling it on the market. Trump reiterated the long-term holding strategy, stating, “Increasing our Satoshi holdings per week is our North Star.” This contrasts with Saylor's recent mention of the possibility of selling some Bitcoin to fund dividends.

Trump assessed that the current Bitcoin market has entered a global accumulation competition phase among institutions, banks, and corporations. He cited energy efficiency and infrastructure as American Bitcoin's strengths. He claimed that through low energy costs and an efficient operating structure, they can mine Bitcoin at a cost of “around 50 cents per dollar.”

American Bitcoin currently operates over 90,000 mining rigs and stated that it accounts for approximately 2.5% to 3% of global mining capacity just eight months after its establishment. The company also disclosed that it already holds over 7,000 BTC, indicating plans to further expand its Bitcoin accumulation in the future.

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