The Trump family enters Bitcoin (BTC), which increases the expansion of its presence in the coded currency area.
Btc Miner Hut 8 said.
The project follows the HUT 8 acquisition of a controlling share in the American Data Center, a company supported by Eric and Donald Trump Junior, which has now been renamed, Bloomberg Reports. Eric will take over the major strategy officials in the newly formed company, which will focus on bitcoin mining within the United States and will develop what he called.BTC strategic deployment“
HUT 8 has transferred most of its mining equipment to the new entity against a 80 % royal share, according to the report.
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Donald Trump moves to Bitcoin
The partnership represents another shift in the president’s position on encryption. After years of doubts, Trump adopted encryption assets during his 2024 campaign, and pledged to ensure that all the remaining BTC is extracted in the United States and supported encryption policy measures.
His family also supported projects such as the Defi’s World Liberty Financial initiative and launched a series of non -separated symbolic symbolic assignments (NFT), as well as Memecoins earlier this year.
The timing comes at a time when the US encryption mining sector regains political traction, as BTC mining grows to a local industry with billions of dollars, although miners in the United States are still contributing to less than half of the global computing power.
The echo of pushing the president can be hesitant to bring more this activity to parts of the encryption community that is looking for organizational clarity and infrastructure support.
HUT 8 shares increased by 5.8 % in early trading after advertising. The stock is still less than 46 % year until now.
Recently, Trump made many comments about the coding market during the DAS Summit in New York on March 20.
The President also urged the US Congress to pass Stablecoin legislation, which shows the need for a strong legal environment for financial institutions.
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