The Trump family is expanding its growing bitcoin and crypto portfolio by investing in a new bitcoin mining venture called American Bitcoin.

Donald Trump Jr. and Eric Trump are merging their firm, American Data Centers, with Hut 8, a publicly traded bitcoin miner, to form the new company. The Trump brothers will hold a 20% stake in American Bitcoin, with Hut 8 owning the remaining 80%.

The deal brings 61,000 mining machines from Hut 8 into American Bitcoin. The company also plans to build its own “bitcoin reserve” by retaining mined coins.

Eric Trump, who will be American Bitcoin’s chief strategy officer, likened bitcoin’s hard asset properties to real estate. By leveraging…

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