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Bitcoin Updates: Trump Family Embraces Crypto—Adapting to Market Slumps with AI-Powered Mining Transformation

Bitcoin Updates: Trump Family Embraces Crypto—Adapting to Market Slumps with AI-Powered Mining Transformation

Bitget-RWA2025/11/15 13:16
By:Bitget-RWA

- Anthony Scaramucci led a $220M investment in Trump-linked crypto miner American Bitcoin Corp., betting on Bitcoin's long-term potential amid market volatility. - Trump family's ABTC reported $3.5M Q3 profit, but Bitcoin's 12% price drop since October has eroded their crypto-linked wealth by ~30%. - Crypto miners like Bitfarms pivot to AI infrastructure as Bitcoin profitability declines, reflecting industry-wide diversification strategies. - Trump's pro-crypto policies and BlackRock's Binance listing sign

Anthony Scaramucci has spearheaded a $220 million funding round for a cryptocurrency mining company associated with the Trump family, reflecting renewed optimism in Bitcoin's future prospects despite recent market swings.

. This investment, which is connected to the Telegram Open Network (TON) token, positions the Trump family's Corp. (ABTC) as a significant force in an industry facing evolving challenges. Scaramucci, who established SkyBridge Capital, called the investment a "contrarian play" on TON's potential for facilitating international payments, as its adoption increases.

The Trump family's involvement in digital assets has grown considerably in recent months. American

, which was launched by Eric Trump and Donald Trump Jr., and generated $64.2 million in revenue, largely due to Bitcoin mining and targeted market acquisitions. The company's stock price rose by 4% after the earnings announcement, although the overall downturn in the crypto market has diminished the Trumps' net worth. Bitcoin's value fell from a peak of $126,272 in October to $110,000 by late November, , including DJT shares and tokens, by about 30%.

Bitcoin Updates: Trump Family Embraces Crypto—Adapting to Market Slumps with AI-Powered Mining Transformation image 0
Scaramucci's backing highlights a growing trend of prominent individuals increasing their stakes in crypto despite ongoing regulatory ambiguity. The Trump administration's supportive stance on digital assets, against leading exchanges and proposals for a national Bitcoin reserve, has fostered a positive climate for both institutional and political participants. At the same time, —co-founded by Changpeng Zhao, who received a pardon from Trump—marks a significant development in mainstream adoption.

The crypto mining industry itself is shifting its strategy. Firms like Bitfarms and CleanSpark are branching out into artificial intelligence and advanced computing as Bitcoin mining becomes less lucrative. Bitfarms

into a center for AI infrastructure, aiming to generate revenue through GPU-as-a-Service models. CleanSpark, the second-largest Bitcoin mining company, , illustrating the sector's broader push to mitigate risks from crypto price swings.

Regulatory oversight continues to be unpredictable. The Department of Justice has launched a new "Scam Center Strike Force" to combat international "pig butchering" scams,

—some of whom are connected to the conflict in Burma. While this does not directly affect American Bitcoin, it underscores the federal government's increasing attention to crimes involving digital currencies. Separately, has ignited discussion about its potential impact on crypto values, though ongoing legal disputes over his tariff initiatives add complexity to its implementation.

For the Trump family and their associates, investing in crypto is both a financial move and a statement of belief. Eric Trump

, highlighting the possibilities of tokenizing assets such as the Trump International Hotel & Tower in Dubai. However, with plans for a Bitcoin strategic reserve still underway and broader economic challenges persisting, the sustainability of their crypto-focused approach remains to be seen.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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