Throughout the first three months of the year, the cryptocurrency asset class has become a key focus of the returning Trump administration. Moreover, it has become a point of interest for his two sons as well. Indeed, the Trump family has now formed American Bitcoin through a partnership with the BTC mining company Hut 8, facilitating their official entrance into the industry.
The company is run by both Donald Trump Jr. and Eric Trump, two of US President Donald Trump’s sons. Specifically, the two will own a 20% stake in the new US-based Bitcoin mining company, with Hut 8 retaining the additional 80% of the newly formed venture, according to a new press release.
JUST IN: 🇺🇸 Donald Trump Jr. & Eric Trump to invest in a Bitcoin mining company. pic.twitter.com/a5JlcGSpcj
— Watcher.Guru (@WatcherGuru) March 31, 2025
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Donald Trump Jr. and Eric Trump Partner With Hut 8, Form American Bitcoin Mining Company
The first few months of the year have seen the United States completely shift its perspective on the cryptocurrency market. With the return of US President Donald Trump, the nation has embraced its first true pro-crypto administration. Now, Trump’s commitment to the asset class has been reinforced by his children’s business dealings.
In a rather important development, the Trump family has partnered with Hut 8 to create American Bitcoin, facilitating their first entry into the BTC mining sector. The move ultimately deepens the cryptocurrency exposure of both Donald Trump Jr. and Eric Trump.
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According to the announcement, Eric Trump will serve as the new firm’s chief strategy officer. Additionally, speaking of the venture, he noted it aligns with the family’s track record of embracing hard assets. Specifically, he likened Bitcoin to real estate.
He said that the new entity plans to build a “Bitcoin reserve” that may lead it to eventually go public. Although it is separate from the Trump Organization, there is no such distinction with their World Liberty Financial (WLFI). Indeed, the move provides more evidence that the US president’s business dealings in the sector will continue long after his second term comes to an end.