American Bitcoin has rolled out its public launch with bold claims about low-cost mining and a clear push to build a large BTC treasury.
ERIC TRUMP CALLS BITCOIN THE “GOLD STANDARD,” SAYS ADOPTION FLOODGATES ARE JUST OPENING
Genoot confirmed that Hut 8 is a major shareholder and the provider of mining infrastructure, including power supplied from a Texas wind farm.
That arrangement, he said, helps keep operating costs low and gives the company flexibility on when to expand.
Reports have disclosed that the firm’s treasury strategy centers on buying Bitcoin at a discount and holding it for the long term.
Eric Trump described Bitcoin as “the hot asset of our time” and listed rising demand from Fortune 500 companies, sovereign wealth funds, and states such as Texas and Wyoming as signs of growing institutional interest.
He has also publicly floated a high-end price target, putting him among the most bullish voices in the space.
The plan, as explained on Bloomberg, pairs mining at scale with opportunistic accumulation. The claim that mining output costs roughly half the prevailing market rate will be watched closely by investors and analysts.
If true, it could improve margins and make on-chain accumulation cheaper.
Featured image from Meta, chart from TradingView
