Trump Heirs Invest in Bitcoin Mining: 80% Controlled by Hut 8

Eric Trump and Donald Trump Jr., the progeny of U.S. President Donald Trump, have embarked on a financial foray into cryptocurrency. According to a Monday report by The Wall Street Journal, they are channeling capital into a bitcoin mining operation. The report details their strategic pivot toward digital asset infrastructure, positioning them in a niche yet rapidly evolving sector.

The Wall Street Journal disclosed that Donald Trump Jr. and Eric are investing in American Bitcoin, a cryptocurrency mining enterprise predominantly held by Hut 8 Mining Corp. This move marks the latest addition to the Trump dynasty’s growing digital currency endeavors.

Under the new arrangement, the Trump contingent will retain a minority 20% ownership, while Hut 8 Mining Corp. will control the remaining 80% stake. The operation maintains a fleet of approximately 61,000 application-specific integrated circuit (ASIC) mining rigs.

Strategic Alliances Boost Broader Crypto Expansion

This development follows recent announcements from Trump Media and Technology Group Corp. (TMTG). TMTG revealed its plans to forge a strategic alliance with Crypto.com. The goal is to debut a collection of exchange-traded funds (ETFs) and separately managed accounts (SMAs) before the end of the year.

American Bitcoin will combine forces with the family’s American Data Centers enterprise as part of the agreement. This partnership aligns with his family’s broader efforts to strengthen their digital asset portfolio.

Alignment with Broader Crypto Initiatives

The investment further aligns with Eric’s recent appointment to Metaplanet’s strategic advisory board and a Media-linked SPAC. This SPAC is tasked with advancing cryptocurrency and dual-use technology ventures. Since his 2024 election victory, President Trump has vowed to strengthen the crypto ecosystem. His family’s enterprise now shows unwavering determination to expand within the industry.

The move contrasts with Vanguard, BlackRock, and Fidelity, which have embraced cryptocurrencies through ETFs and other investment products. Instead, Trump’s heirs are pursuing a direct operational approach by investing in bitcoin mining. This strategy underlines a shift in how legacy financial families engage with digital assets.