Bitcoin News: Hut 8 and Eric Trump Launch American Bitcoin Mining Venture Aiming for Global Dominance

In a significant development in the cryptocurrency mining industry, Hut 8 Corp., a renowned energy infrastructure platform focused on Bitcoin mining, has announced a groundbreaking partnership with Eric Trump to launch American Bitcoin. This new venture aims to revolutionize the Bitcoin mining landscape by becoming the largest and most efficient pure-play miner in the world.

Hut 8 and Eric Trump Launch ’American Bitcoin’ Mining Venture

Hut 8 Corp., a leading energy infrastructure platform focused on Bitcoin mining, has announced the launch of American Bitcoin in partnership with Eric Trump. The new entity, a majority-owned subsidiary of Hut 8, aims to become the world’s largest and most efficient pure-play Bitcoin miner while building a substantial strategic Bitcoin reserve. Hut 8 contributed the majority of its ASIC miners in exchange for an 80% stake in the venture.

Japan’s Metaplanet Increases Bitcoin Holdings to 4,206 BTC

Japan’s Metaplanet has acquired an additional 160 Bitcoin, bringing its total holdings to 4,206 BTC. According to the company’s Apr. 2 statement, the latest purchase was made at an average price of 12.49 million yen ($80,063) per Bitcoin (BTC), totaling 1.998 billion yen ($13.39 million). This purchase is part of Metaplanet’s ongoing Bitcoin treasury strategy, which has played a major role in the company’s expansion. Through the sale of cash-secured Bitcoin put options, Metaplanet revealed that it had purchased 696 BTC in Q1 2025, with 50 BTC coming from premiums and 645.74 BTC from option exercises. The total cost for these acquisitions was ¥10.152 billion ($91.7 million). Metaplanet continues to actively raise capital from investors to fund more purchases.

Bitcoin As A Lever Of Hope: Human Rights Foundation Supports Projects

Bitcoin is not just a volatile asset but also a network of projects aiming to provide alternatives to the existing system. The Human Rights Foundation (HRF) has released 1 billion satoshis (10 BTC) to support Bitcoin projects across 20 countries. This initiative aims to strengthen Bitcoin’s infrastructure and promote freedom through the use of Bitcoin. Last year, HRF provided $590,000 in aid to 20 projects, demonstrating its commitment to leveraging Bitcoin for positive change.

Trump Tariff Announcement—Will Bitcoin Price Today Surge or Crash?

The crypto market has been uncertain under the Trump Administration. While investors anticipated regulatory reforms and the Bitcoin Strategic Reserve to boost prices, Bitcoin has instead fallen from over $100,000 at the start of the year to the mid-$80,000s in March. With markets bracing for Trump’s reciprocal tariffs announcement on April 2 at 4 p.m. ET, it remains uncertain how BTC will react in the long run.

Bitcoin Slides 1% as Goldman Picks Yen Over BTC Amid Tariff Fears

The Bitcoin-Japanese yen (BTC/JPY) pair faced a setback at key trendline resistance on Wednesday. Goldman Sachs (GS) cited the anti-risk yen as the leading hedge against rising U.S. tariff and recession risks. The BTC/JPY trading on the Japan-based bitFlyer fell 1% after failing to break through the trendline drawn from the record high reached on Jan. 20. BTC’s USD-denominated price also faced similar losses. Asian equity indices and U.S. equity futures remained uncertain ahead of President Donald Trump’s new tariffs, which could trigger a global trade war. The tariff uncertainty has led investment banks, including JPMorgan and Goldman Sachs, to predict a higher chance of a U.S. recession.