Trump Sons Expand Crypto Push With 20% Stake In Bitcoin Miner, Aim To Establish Bitcoin Reserve

Benzinga

Eric Trump and Donald Trump Jr. are expanding the Trump family's crypto footprint, according to The Wall Street Journal. The Trump brothers' American Data Centers will merge with American Bitcoin and take a 20% stake in the mining operation, which is majority-owned by Hut 8. The companies aim to create the world’s largest Bitcoin miner and establish a dedicated Bitcoin reserve. The venture plans to create its own Bitcoin reserve. The brothers have launched several crypto-related initiatives recently, including a DeFi platform and stablecoin plans, as Trump pushes to make the U.S. the “crypto capital of the world.”

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Trump and Donald Trump Jr. are expanding the Trump family's crypto footprint,

00:06and according to the Wall Street Journal, the Trump brothers' American data centers

00:10will merge with American Bitcoin and take a 20 percent stake in the mining operation,

00:15which is majority owned by Hut8. The company's aimed to create the world's largest Bitcoin miner

00:20and establish a dedicated Bitcoin reserve. The venture plans to create its own Bitcoin reserve.

00:26The brothers have launched several crypto-related initiatives in recent months, including a DeFi

00:32platform and stablecoin plans as Trump pushes to make the U.S. the crypto capital of the world.

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