Trump’s sons invest in Bitcoin mining: the family’s new step into the crypto industry

Eric and Donald Trump Jr., the eldest sons of US President Donald Trump, are investing in a Bitcoin mining company called American Bitcoin. The New York Times reports this. This step was another expansion of the Trump family’s cryptocurrency portfolio, which is actively developing digital assets.

Deal details

American Bitcoin was created through the merger of American Data Centers, a company owned by the Trump brothers, with Hut 8, a publicly traded crypto infrastructure company. Hut 8 took an 80% stake in the new company, donating approximately 61,000 ASIC miners, while the Trump brothers and their partners own the remaining 20%. Eric Trump will take the post of Chief Strategy Officer at American Bitcoin, and the company’s stated goal is to create the world’s largest Bitcoin miner and form its own Bitcoin reserve.

“We have believed in Bitcoin from the very beginning, both personally and through our businesses. But simply buying Bitcoin is only half the journey. Mining with profitable economics opens up even greater opportunities.”

According to Hut 8, the deal did not involve cash settlements, and American Bitcoin will operate as an independent entity, separate from the Trump Organization.

Context and meaning

This is the third major cryptocurrency project of the Trump family over the past year. They previously launched the DeFi platform World Liberty Financial, offering stablecoins as well as memcoins powered by Solana. The family’s interest in cryptocurrencies coincides with the policies of Donald Trump, who, after taking office in January 2025, initiated the creation of a US strategic Bitcoin reserve and the easing of regulation of the crypto industry. However, despite these steps, the cryptocurrency market is in decline, with Bitcoin falling 13% in the first quarter of 2025, trading at $84,700 on April 2, according to Yahoo Finance.

In my opinion, the Trump family’s involvement in mining could increase institutional investors’ interest in Bitcoin, especially if American Bitcoin succeeds in its scaling plans. However, there are also risks: the concentration of mining power in the hands of large players, such as American Bitcoin, can lead to monopolization of the market, which contradicts the decentralized nature of Bitcoin. Additionally, environmental issues related to mining energy consumption remain a matter of debate, although Eric Trump argues that access to cheap energy in the US will give the company a competitive advantage.

Reaction of the crypto community

On Platform X, opinions were divided. Some users see the move as an opportunity for more stable regulation of the crypto industry, while others call it another example of the Trump family using its influence for personal gain. One post on X called the initiative “a continuation of the family business in the US government,” reflecting concerns about conflicts of interest.

News highlights:

• Eric and Donald Trump Jr. Invest in American Bitcoin Mining Company
• Hut 8 owns 80% of the company, providing 61,000 ASIC miners; the Trump brothers received 20%.
• Eric Trump will become chief strategist, and the company plans to create the largest Bitcoin reserve.
• This is the Trump family’s third cryptocurrency project in a year amid a market downturn.

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