In huge news from the Trump family, they are set to shake the Bitcoin world with their latest partnership with Hut 8, launching a US-based Bitcoin mining subsidiary, American Bitcoin.
See the tweet below!
For those frustrated with leftist economic policies, the entry of the Trump family into cryptocurrency signals a shift toward independent American innovation.
Donald Trump Jr. and Eric Trump join hands with Hut 8 Corp to form American Bitcoin Corp, a venture signaling a significant shift in the cryptocurrency sector.
As a majority-owned subsidiary of Hut 8, with Hut 8 holding 80%, American Bitcoin aims to revolutionize the Bitcoin mining industry with strategic ambitions.
The company, headquartered in the conservative stronghold of Miami, focuses not only on Bitcoin mining but strategic Bitcoin reserve development.
“From the start, we’ve backed our conviction in Bitcoin, personally and through our businesses,” Donald Trump Jr. said in a statement.
“But simply buying Bitcoin is only half the story. Mining it on favorable economics opens an even bigger opportunity,” he added.
Donald Trump Jr. emphasizes the economic opportunities Bitcoin mining presents, resonating with conservatives concerned about the current state of the economy.
Eric Trump, co-founder and chief strategy officer of the new company, aims for American Bitcoin Corp to become a publicly listed entity, further strengthening Trump’s ties to cryptocurrency.
This move inserts the Trump family directly into the heart of digital financial innovation, an industry which President Trump intends for the U.S. to “dominate” alongside “the next generation of financial technologies,” Bloomberg News reports.
Notably, the Trump family’s involvement in cryptocurrency reflects a broader strategy. American Bitcoin Corp will not only add to their portfolio—alongside enterprises like World Liberty Financial—but assert the family’s influence in the burgeoning field of stablecoins and digital assets.
The collaboration with Crypto.com to introduce exchange-traded funds (ETFs) directly relates to Trump Media’s ongoing ventures.
Hut 8 will manage American Bitcoin’s core business functions, ensuring competency and experience lead the way.
President Trump has previously hosted a White House digital asset summit and signed decrees supporting a strategic Bitcoin reserve, showing his administration’s proactive stance against the stifling regulations of past administrations.
This latest development, however, draws attention to Trump’s evolving relationship with cryptocurrency, as he previously criticized Bitcoin.
With right policies around Bitcoin mining and energy prices—issues that Presidential prerogatives can influence—there’s potential for massive rewards.
American Bitcoin Corp is set to make waves, leading American entrepreneurship into the future alongside its politically charged leadership.
JUST IN: Hut 8 Launches ‘American #Bitcoin’ Mining Firm Backed by Trump Brothers
The venture brings together one of North America's leading $BTC miners with Eric Trump and Donald Trump Jr.
What to know: https://t.co/VxqzZB83xM
— Bankless Times (@BanklessTimes) March 31, 2025
