American Bitcoin was co-founded by U.S. President Donald Trump’s sons, Donald Trump Jr. and Eric Trump, who together hold a 20% ownership stake in the company.

Quotes that support claims

Notably, the firm has ties to the Trump family, as President Donald Trump’s sons, Donald Trump Jr. and Eric Trump, were among the founders of American Bitcoin.

The sons of U.S. President Donald Trump, Eric and Donald Trump Jr, owned American Data Center, which merged with American Bitcoin. According to earlier reports, American Bitcoin is 80% owned by Hut 8, with the Trump brothers owning 20%.