Trump's sons, Donald Trump Jr. and Eric Trump, have also ventured into the crypto space through American Bitcoin. They own 20% of this subsidiary of Hut 8, a cryptocurrency mining firm.

Trump Media now holds USD 2 billion in bitcoin and related assets, forming two-thirds of its liquid funds. The firm plans further crypto expansion, aligned with Trump’s push for US crypto dominance.

(Reuters) -Of all the riddles wrapped in the digital wallets sending funds to President Donald Trump’s World Liberty Financial crypto business, a little-known entity last month became the biggest.