NEWSLETTER
The Trump family is expanding its growing bitcoin and crypto wallet American bitcoin.
Donald Trump Jr. and Eric Trump are merging their signature, US data centers, with Hut 8, a bitcoin miner that is publicly marketed, to form the new company. The Trump brothers will have a 20% participation in American bitcoin, with HUT 8 to have the remaining 80%.
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The agreement brings 61,000 Hut 8 mining machines to American bitcoin. The company also plans to build its own “bitcoin Reserve” retaining mined coins.
Eric Trump, who will be the American bitcoin strategy director, compared the properties of bitcoin hard assets with real estate. By taking advantage of North American low -cost data centers of HUT 8, American bitcoin aims to extract bitcoin more efficiently than competitors. This could become a key advantage as mining becomes more difficult over time.
The Trump family has aggressively adopted bitcoin and crypto lately through several projects.
American bitcoin will remain separated from the EMPIRE of the Trump organization. But his bitcoin reserve plans are aligned with the vision of President Trump for the US bitcoin Strategic Reserve. UU.
bitcoin Mining has faced environmental criticism for its massive use of energy. But Eric Trump believes that American bitcoin's access to low American energy costs will give him an advantage.
When focusing on mining, the American bitcoin seems to be a more serious bitcoin bet compared to Trump's memes coins and Stablecoin's talk. The bitcoin and crypto profile elevator of the family reflects the growing conventional acceptance.
