Trump's Sons Enter the Bitcoin Mining Arena

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, a cryptocurrency mining firm. This strategic partnership aims to establish the largest Bitcoin mining operation globally, as reported by the Wall Street Journal.

Strategic Stake and Future Plans

As part of the deal, the Trump brothers will acquire a 20% stake in American Bitcoin. Meanwhile, Hut 8, the majority owner of American Bitcoin, will transfer nearly 61,000 Bitcoin-mining machines to the new entity, securing an 80% ownership post-merger.

Launching a Bitcoin Reserve

The Trumps revealed their intentions to initiate a Bitcoin reserve through the new venture. Eric Trump also hinted at potential collaborations with World Liberty Financial, a decentralized finance platform supported by their father, Donald Trump.