Friday, April 4, 2025

Trump Sons Target Strategic Bitcoin Reserve


Trump II, the digital Caligula's tariff regime and weakening dollar could help recent Trump family cryptocurrency ventures.  Trump's elder sons shifted from AI data centers to Bitcoin mining on Monday, two days before their Dad shocked the world with his excessive tariff announcement.

The boys locked up Bitcoin mining capacity prior to Trump II shaking up that industry's supply chain.

A Dominari Holdings SEC filing stated:
Dominari Holdings Inc. (Nasdaq: DOMH) today announced that American Data Centers Inc. (“ADC”) and Hut 8 Corp, (“Hut”) partnered to form American Bitcoin Corporation. As previously announced, ADC was a wholly owned subsidiary of Dominari, but became an independent company, whose members include Donald J. Trump Jr., Eric Trump, Dominari and other industry professionals in the AI space. In partnership with Hut, American Bitcoin Corp., will focus on industrial-scale bitcoin mining and strategic bitcoin reserve development and monetization.
Yet another high tech/crypto venture dependent on Uncle Sam's wallet which their highly conflicted Daddy controls.  

Update 4-5-25:  Eric Trump owns 966,138 shares of Dominari Holdings as of 2-18-25.  Dominari offices in Trump Tower on the 22nd floor.  

Dominari noted that it would be fifteen days late filing their 2024 financial results with the SEC due to the firm's rapid growth during the year.

Update 4-9-25:  Trump paused his "reciprocating saw tariffs" for 90 days for every country except China.