The Trump family expands its involvement in the cryptocurrency sector

The Trump family expands its involvement in the cryptocurrency sector, announcing a significant investment in Bitcoin mining.

The Trump family is expanding its involvement in the cryptocurrency sector, announcing a significant investment in Bitcoin mining through a new venture with Hut 8, one of the largest publicly traded miners.

Donald Trump Jr. and Eric Trump, will merge their company, American Data Centers, with Hut 8 to create a new entity called American Bitcoin, with the Trump family holding a 20% interest and Hut 8 controlling 80%.

The joint venture brings together 61,000 mining machines, already operational, to build a strategic Bitcoin reserve, retaining part of the BTC mined.

The move by the Trump family in mining aligns with the vision of a “USA strategic reserve in Bitcoin,” an idea that President Donald Trump has suggested in recent months to strengthen the economic and monetary position of the United States.

This vision has sparked lively debate among economists and the crypto community, making the Trump administration's stance on Bitcoin a topic of great interest.

However, the initiative also has a political and environmental dimension, as critics often cite the high energy consumption of Bitcoin mining.

According to Eric Trump, the new project will have privileged access to low-cost energy sources in the United States, giving American Bitcoin a competitive advantage, reducing operational costs and improving the sustainability of the business.

Earlier this year, the Trump Organization had already shown interest in the crypto sector, with Donald Trump Jr. investing in a meme coin and discussing the potential of stablecoins during an interview at the Trump Tower in New York.

Now, the launch of American Bitcoin marks a shift in focus, moving to real infrastructures and strategic assets, at a time when institutional adoption of Bitcoin continues to grow.

Hut 8 has transferred a significant portion of its ASICs for mining into American Data Centers, now renamed American Bitcoin. In exchange, Hut 8 holds 80% of the stakes in the new entity.

From an organizational standpoint, Mike Ho will take on the role of Executive Chairman, while the position of CEO will be entrusted to Matt Prusak. Eric Trump, as previously mentioned, will hold the position of Chief Strategy Officer.

The new reality will rely entirely on the management services provided by Hut 8. Further details on the organizational and operational structure of what is emerging as one of the largest global miners by computing power will be communicated soon.

In other words, the direct involvement of the Trump family in Bitcoin mining marks a new chapter in the evolution of crypto adoption at the political and entrepreneurial level.

With the support of Hut 8 and the goal of building a reserve of BTC, American Bitcoin could represent a fundamental piece in the geopolitical race for cryptocurrencies.