The Trump family, specifically Donald and Eric Trump, is enhancing its involvement in the cryptocurrency sector by launching American Bitcoin, a new bitcoin mining venture. Merging their firm, American Data Centers, with Hut 8, a publicly traded bitcoin miner, they will hold a 20% stake in the new entity. American Bitcoin plans to leverage Hut 8's extensive resources to mine bitcoin efficiently. Additionally, the company aims to build a bitcoin reserve with mined coins, aligning its strategy with strategic visions related to the U.S. reserve.
The Trump family is expanding its growing bitcoin and crypto portfolio by investing in a new bitcoin mining venture called American Bitcoin.
Donald Trump Jr. and Eric Trump are merging their firm, American Data Centers, with Hut 8 to form American Bitcoin, in which they hold 20%.
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