The Trump family is diving into the crypto world with a new venture in Bitcoin mining. Eric Trump and Donald Trump Jr. have recently inked a deal with Hut 8, planning to acquire a 20% stake in American Bitcoin, a subsidiary focused solely on mining and building a strategic Bitcoin reserve. The Miami-based company, Hut 8, announced that American Bitcoin will serve as its flagship project in the digital currency arena.
Eric Trump, who is set to serve as Chief Strategy Officer, and Donald Trump Jr. are expanding the Trump family’s cryptocurrency portfolio. Their investment marks the third major crypto venture for the family, following their previous projects like World Liberty Financial and various meme coin initiatives.
This bold move is seen as a significant step in diversifying investments and tapping into the booming digital asset market. With the goal of creating one of the world’s largest Bitcoin mining operations, the Trump family is positioning itself at the forefront of the crypto revolution.
Stay tuned for more updates as this venture unfolds and shapes the future of digital finance!
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