Eric Trump Claims Mystery Nation Bought 200,000 Bitcoin for $22 Billion

Eric Trump, executive vice president of the Trump Organization and son of former U.S. President Donald Trump, claimed during a public appearance in Wyoming that an unidentified sovereign buyer recently accumulated about 200,000 bitcoin—valued at roughly $22 billion at the current market price of about $114,000 per coin. Trump offered no documentary evidence or indication of the country involved, and no major on-chain analytics firms or national treasuries have confirmed such a purchase. A transaction of that size would represent nearly 1 percent of bitcoin’s capped 21 million-coin supply and, if conducted on open markets, would typically be expected to exert discernible upward pressure on prices. Bitcoin traded near $114,000 late Wednesday, little changed on the session, suggesting that if the purchase occurred it may have been structured off-exchange or through over-the-counter desks. The cryptocurrency has gained more than 50 percent so far this year amid renewed institutional demand and anticipation of the next “halving” event expected in 2028.