Trump Family Invests in Bitcoin Mining Venture With Hut 8

The Trump family is entering the world of Bitcoin (BTC) mining through a new venture called American Bitcoin, partnering with publicly traded crypto infrastructure firm Hut 8. The company will be jointly owned by Eric and Donald Trump Jr., who own 20%, while Hut 8 holds the remaining 80%. Their initial focus is on mining operations, but they plan to build a strategic Bitcoin reserve and potentially pursue an IPO in the future.