Eric Trump and Donald Trump Jr. just did something big. They’ve stepped deeper into crypto. This time, they’re not just talking. They’ve launched a company—American Bitcoin Corp.—and they’re aiming high.
Their goal? Not small. They want to become the largest Bitcoin miner in the world. And they’re not doing it alone. They’re teaming up with Hut 8, one of the most established names in Bitcoin mining.
What changed their minds on Bitcoin?
In 2021, Donald Trump called Bitcoin a scam. But fast-forward to 2024—he spoke at Bitcoin 2024 and promised to make the U.S. the “crypto capital of the planet.” That’s a serious turnaround.
What made him change his mind? Maybe it was the rise of Bitcoin prices. Maybe it was the shifting financial world. Or maybe it was just good timing.
Whatever the reason, the Trump family is all in now.
So what is American Bitcoin Corp?
It launched on March 31, 2025. It’s a joint venture between Hut 8 (80%) and the Trump family (20%), through their company American Data Centers.
The mission? Simple on paper, hard in practice:
→ Be the biggest Bitcoin miner
→ Build a strategic Bitcoin reserve
→ Go public
They also hinted at a possible collaboration with World Liberty Financial, another Trump-related crypto project. That could bring DeFi into the picture.
Who’s running the show?
The team is packed with names from both business and tech.
- Eric Trump is Chief Strategy Officer
- Mike Ho is Executive Chairman
- Matt Prusak is CEO
There’s also Justin Mateen, the guy who co-founded Tinder. He’s on the board, along with Asher Genoot and Michael Broukhim. A mix of tech, finance, and influence.
It’s not just a Trump show. Hut 8 brings serious mining power, providing ASIC hardware, colocation, and operations. Basically, they handle the mining muscle. The Trumps handle the brand and vision.
Why does this matter?
Eric Trump said Bitcoin is now a “store of value” and even a hedge against real estate. That’s unexpected, considering the Trump empire is built on property.
Why would he say that?
Well, real estate is tricky right now. Markets are shaky. Interest rates are high. Bitcoin, on the other hand, just crossed $100,000 in late 2024. So maybe Bitcoin feels safer to them right now.
Donald Jr. also said that buying Bitcoin isn’t enough anymore. They want to mine it—to be inside the system, not just sitting on the sidelines.
It’s a business play, sure. But it’s also a power move.
What are people saying?
Some in the industry are cautious. Others are watching closely.
Mati Greenspan, CFO of Quantum Expeditions, called the move a “strong signal” for infrastructure investment in Bitcoin. It’s not just hype. Hut 8 has real mining experience. The tech is there.
But there’s also some noise around past Trump crypto ventures. World Liberty Financial faced some scam allegations. That could raise eyebrows.
Even so, with Trump now supporting crypto at the policy level, there’s a clear path opening for Bitcoin companies. Some might call this good timing. Others might call it something else.
Could this change the game?
Yeah, maybe.
If American Bitcoin Corp builds a real Bitcoin reserve, that could start a new trend. Corporate reserves could become the norm. We’ve seen companies hold BTC before, but this is different. This is strategic.
Also, they plan to go public. That means retail investors could get in. Institutions, too.
This isn’t a side hustle. It’s a new front in the Bitcoin economy.
What now?
For now, it’s early. They’ve made the announcement. They’ve laid out the plan. There was even a conference call on today, April 1st, but full details weren’t made public yet.
Still, here’s what we know:
- American Bitcoin Corp wants to be huge
- The Trump name brings media heat
- Hut 8 brings mining credibility
- There’s money coming, and eyes watching
Will they pull it off? It’s hard to say. But one thing’s clear—crypto just got more political, more public, and more powerful.
Author
