BTC Mining Makes Headlines Again: Trump Family Unveils ‘American Bitcoin’ Block rewards Initiative

Thanks to the Trump family and prominent Bitcoin crypto mining company MARA, mining has once again captured public attention. Donald Trump’s sons, Eric and Donald Jr., are embarking on a BTC block rewards journey with their ‘American Bitcoin’ initiative, while MARA is preparing to raise $2bn to expand its Bitcoin reserves.

Marathon Digital Holdings (MARA) stands as the leading BTC crypto mining enterprise globally by market value ($4.3bn) and also by the volume of BTC owned (46,374 BTC).

JUST IN: @Hut8Corp unveils American Bitcoin, a new subsidiary dedicated to large-scale BTC mining. The objective is to achieve 50+ EH/s efficiency and includes strategic alliance with Eric Trump. @Hut8Corp continues to be the primary infrastructure partner, consolidating its finances under its banner.… pic.twitter.com/bm2ZoN34N4

— Bitcoin Block rewards Stock (@miningstockinfo) March 31, 2025

Trump Brothers Team Up With Crypto mining Firm Hut 8 To Establish ‘American Bitcoin’

Eric Trump and Donald Trump Jr. are integrating their company, American Data Centers, into a new crypto mining endeavor known as American Bitcoin. The brothers will possess a 20% interest in the enterprise, while Hut 8 will control the remaining 80%.

Hut 8, a crypto infrastructure company based in Canada, will provide roughly 61,000 mining rigs for the new American BTC project. As per an initial report from the Wall Street Journal, no cash has changed hands in this agreement.

Eric Trump will assume the position of chief strategy officer at American BTC, viewing the venture as aligned with the family’s emphasis on hard assets, comparing digital currencies to real estate. He highlighted ambitions for a “Bitcoin reserve” and possibly making the company public.

At present, American Bitcoin operates independently from President Trump and his own crypto asset initiatives. Nonetheless, future partnerships could arise with World Liberty Financial (WLFI), the Decentralized finance project supported by the President, with both Eric and Don Jr. being involved.

Hut 8 will facilitate the crypto mining operations at its 11 data centers located in the U.S. CEO Asher Genoot mentioned that low energy costs and scalable infrastructure will give American BTC a significant advantage in the crypto market.

The board of directors will feature Tinder co-founder Justin Mateen and FabFitFun co-founder Michael Broukhim. In spite of concerns regarding the environmental implications of Bitcoin mining, Eric Trump is optimistic that lower energy costs in the U.S. will allow American miners to surpass their international rivals.

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MARA Unveils $2bn Stock Offering To Acquire More BTC

BREAKING: PUBLIC CRYPTO MINING BEHEMOTH MARA TO SELL $2 BILLION WORTH OF STOCK TO ACQUIRE MORE #BITCOIN

HERE WE GO pic.twitter.com/TTaB70UCeg

— The Bitcoin Historian (@pete_rizzo_) March 29, 2025

Leading BTC miner MARA Holdings is fully committing to Bitcoin again. This time, through a $2 billion investment via a stock offering. The arrangement will permit MARA to periodically sell up to $2 billion of its stock.

According to official statements, the funds will be allocated for “general corporate purposes, including the acquisition of Bitcoin and supporting working capital.”

MARA is the largest publicly traded Bitcoin mining firm, boasting a trading market capitalization of $4.31 billion. The company has submitted a Form 8-K and a prospectus with the US Securities and Trading platform Commission (SEC) indicating it has entered into an at-the-market (ATM) agreement with several prominent financial institutions, including Barclays Capital, BMO Capital Markets, BTIG, and Cantor Fitzgerald.

This recent stock offering underscores MARA’s determination to strengthen a treasury strategy that is rapidly gaining traction among corporations. With GameStop recently announcing a $1.3 billion convertible note plan to acquire Bitcoin and Japan’s MetaPlanet consistently accumulating BTC, MARA aims to secure its position as the second-largest corporate BTC holder.

It will require significant effort to reach the first position, currently held by Michael Saylor’s software company Strategy (formerly MicroStrategy). Over the last few years, Strategy has aggressively increased its Bitcoin accumulation.

According to CoinGecko, Strategy leads all public firms by a considerable margin, holding 506,137 BTC on its balance sheet. MARA ranks second with 46,374 Bitcoin, valued at just over $3.8 billion based on current trading market rates. Riot Platforms trails in third place with ‘only’ 18,692 BTC in its possession.

(COINGECKO)

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