Eric Trump Says U.S. Government Holds 300,000 Bitcoin and Will Not Sell

Speaking at The Bitcoin Conference, Eric Trump said the United States holds 300,000 BTC, criticized what he called Bitcoin suppression, and pointed to Middle East mining activity using surplus city energy.

BTC

31d ago

Fact Check

The claim is strongly corroborated. The two caller-supplied X posts from @BitcoinMagazine and @cryptodotnews both confirm the verbatim quote and event context (The Bitcoin Conference, April 29, 2026, Las Vegas). Bitcoin Magazine's own news article from the same date covers the event. MEXC News and Coinpedia independently report the same direct quote. The 300,000 BTC figure is consistent with widely reported estimates of U.S. government holdings under the Strategic Bitcoin Reserve. All five sources agree on the core claim: Eric Trump said at The Bitcoin Conference that the U.S. government holds 300,000 BTC and will not sell it, criticized Bitcoin suppression, and referenced Middle East mining using surplus city energy. No conflicting evidence was found.

Summary

Eric Trump said at The Bitcoin Conference that the U.S. government holds 300,000 Bitcoin and "will not sell it." He also said "the suppression of Bitcoin is unbelievable" and claimed that parts of the Middle East are using excess energy from cities to mine Bitcoin. The remarks point to two recurring themes in the digital asset market: the role of government-held Bitcoin in shaping supply expectations, and the use of surplus or stranded energy for Bitcoin mining (the process of securing the network and issuing new coins). The statement was presented as remarks from the conference, and no additional official government confirmation was included in the provided source.

Terms & Concepts

Bitcoin mining: The process of using computing power to secure the Bitcoin network and validate transactions in exchange for potential block rewards.
BTC: The ticker symbol for Bitcoin, the largest cryptocurrency by market value.
Government-held Bitcoin: Bitcoin controlled by a state entity, often watched by markets because potential sales or transfers can affect supply expectations.