The family of US President Donald Trump is expanding its involvement in the crypto economy. They plan to establish their own Bitcoin reserve.
US President Donald Trump’s two eldest sons are investing in a Bitcoin mining company. According to a Wall Street Journal report (paywall), Eric and Donald Trump Jr.’s American Data Centers are merging with American Mining and will receive a 20 percent stake in the company.
The mining company is majority owned by Hut 8, a publicly traded crypto infrastructure company named after the barracks of the same name where the German Enigma encryption machine was cracked during World War II. The Trump family intends to use American Mining to build the world’s largest miner for the digital currency and its own Bitcoin reserve.
Eric Trump seeks to secure tangible assets
With the agreement, Hut 8 will transfer nearly 61,000 of its specialized Bitcoin mining computers to American Bitcoin in exchange for an 80 percent stake in the new company. The companies stated that no cash was transferred for the deal. Hut 8 currently owns eleven data centers.
Eric Trump is expected to serve as Chief Strategy Officer of American Bitcoin. “We’re a real asset family. I’m a real asset guy,” said Eric Trump, adding, “I’ve spent my whole life building things, and I don’t think there’s a better hedge than real digital assets.” According to the Wall Street Journal, the Trump sons founded American Data Centers with the small investment firm Dominari in February 2025.
Trump Launched His Own Crypto Platform
Donald Trump was initially skeptical about the crypto business. Last year, however, he changed his mind and founded the crypto platform World Liberty Financial (g+). Shortly before his inauguration, he and his wife Melania launched their own meme coins, which surprised and angered the crypto community. In early March 2025, Trump ordered the creation of a U.S. reserve for digital currencies.
American Bitcoin, which is seeking an IPO, will be managed separately from the Trump Organization real estate firm, according to Eric Trump. However, the crypto platform World Liberty Financial could cooperate with American Bitcoin.
100 More Years of Bitcoin Mining
According to the report, American Bitcoin executives stated that their plans for their own Bitcoin reserve were unrelated to Trump’s strategic crypto reserve. Hut-8 CEO Asher Genoot pointed to his company’s ability to secure cheap energy, build low-cost data centers, and mine Bitcoins cost-effectively. This will help American Bitcoin stand out from the competition.
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