On March 31, the Trump family is pushing forward its cryptocurrency strategy, this time targeting Bitcoin mining, according to WSJ. The president’s two sons are investing in a Bitcoin mining company, which further expands the Trump family’s territory in the cryptocurrency business.
American Data Centers, owned by Trump’s eldest and second son, will merge with American Bitcoin and hold a 20% stake. American Bitcoin is a mining business owned by Hut 8, a publicly listed crypto mining company. They plan to jointly build the world's largest digital currency mining company and intend to build their own "bitcoin reserves".
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