Trump's Sons to Merge with American Bitcoin for Largest Miner

In a bold move into the cryptocurrency sector, Donald Trump Jr. and Eric Trump are set to merge their company, American Data Centers, with American Bitcoin. This strategic partnership aims to establish the world's largest Bitcoin mining operation, as reported by the Wall Street Journal.

Strategic Stake and Asset Transfer: The Trumps will acquire a 20% stake in American Bitcoin, while Hut 8, the current majority owner, will transfer nearly 61,000 Bitcoin-mining machines to American Bitcoin. In return, Hut 8 will receive an 80% ownership stake in the newly formed entity post-merger.

Future Plans Include Bitcoin Reserve: The brothers revealed their intentions to initiate a Bitcoin reserve, further solidifying their commitment to the cryptocurrency industry. Eric Trump hinted at potential collaborations with World Liberty Financial, a decentralized finance platform supported by their father, Donald Trump.