The Trump family expands its involvement in the cryptocurrency sector, announcing a significant investment in Bitcoin mining.
Donald Trump Jr. and Eric Trump will merge their company, American Data Centers, with Hut 8, one of the largest publicly traded miners, to create a new entity called American Bitcoin.
The move by the Trump family in mining aligned with the vision of a “USA strategic reserve in Bitcoin”
The joint venture stipulates that the Trump family will hold a 20% stake, while Hut 8 will control 80%.
The new project will bring with it 61,000 mining machines, already operational, with the declared objective of building a strategic Bitcoin reserve, retaining part of the BTC mined.
Eric Trump will take on the role of Chief Strategy Officer and has described Bitcoin as a “hard asset” comparable to real estate, emphasizing the deflationary nature and potential long-term value of the asset.
Although American Bitcoin is separate from the Trump Organization group, the initiative fits into a broader vision promoted by President Donald Trump.
Which in recent months has suggested the idea of creating a national reserve of Bitcoin to strengthen the economic and monetary position of the United States.
A clear signal of how mining is becoming an increasingly political and strategic topic.
The mining activity has often attracted criticism for its environmental impact. However, according to Eric Trump, privileged access to low-cost energy sources in the United States will give American Bitcoin a significant competitive advantage.
Reducing operational costs and improving the sustainability of the business.
In recent months, the Trump family had already shown interest in the crypto sector, between meme coin and discussions on stablecoin.
However, the launch of American Bitcoin represents a shift, moving the focus to real infrastructures and strategic assets, at a time when institutional adoption of Bitcoin continues to grow.
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What it means for Bitcoin (and for America)
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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.
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