The Trump family enters the Bitcoin arena! American Bitcoin, the new mining company led by Eric Trump, has invested $24 million in the leading cryptocurrency. How do the former president's sons plan to capitalize on this trend?
The Trump family is showing a keen interest in cryptocurrencies. American Bitcoin, a new American mining company, recently acquired 215 Bitcoins (BTC) worth $24 million on May 31st.
Led in part by Eric Trump, son of former President Donald Trump, this company has filed with the SEC to purchase and mine BTC, with the aim of developing a hybrid model.
Taking inspiration from Michael Saylor’s strategy, American BTC is actively building its own reserve of cryptocurrencies. The income generated from their upcoming mining activities will also contribute to this Bitcoin war chest. The company positions itself as both an investor and producer of BTC, making it a hybrid player in the sector.
Established in partnership with Hut 8, American Bitcoin has 80% of its shares held by Hut 8, which manages operations. The remaining 20% is divided among Eric Trump, Donald Trump Jr., and a few other associates. Eric Trump also holds the strategic position of Chief Strategy Officer (CSO).
During the Consensus Conference 2025 in Toronto, Eric Trump openly expressed his admiration for Bitcoin, even comparing it to real estate in terms of liquidity and transaction speed. He stated, “Selling a hotel can take a year and a half, while you can trade BTC in seconds,” highlighting that BTC is much more liquid than traditional assets.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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