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- Trump Family is going all-in on Bitcoin Mining!
Trump Family is going all-in on Bitcoin Mining!
ETH BTC falls to historic lows.
Coinsauce
April 01, 2025
Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!
💧Top headlines from the last 24 hours:
• Trump Family is going all-in on Bitcoin Mining.
• Tether buys an additional 8,888 Bitcoin.
📕Educational :
• ETH/BTC falls to record lows.
Lets dive in.
📅 Today
The Trumps Enter Bitcoin Mining!
Donald Trump Jr. & Eric Trump are investing in a Bitcoin mining company.
The Trump Family is Launching Bitcoin Mining Ventures with Hut8 to mine and hoard Bitcoin for their own “digital reserve.
Hut transfers all Bitcoin ASICS to "American Bitcoin Corp", a majority-owned subsidiary created by a previous buyout of American Data Centers, formed by group of investors that includes Eric & Donald Trump Jr.
Eric Trump, now chief strategy officer, says the family’s all about “hard assets,” calling bitcoin the digital cousin of bricks and mortar.
He also claims falling energy prices give U.S. Bitcoin miners the edge
Tether ❤️ Bitcoin!
Tether recently acquired an additional 8,888 BTC, bringing its total holdings to 100,521 BTC. The purchases were made over the first quarter of 2025 at various price levels.
Tether is now the second-largest corporate Bitcoin holder after MicroStrategy.
The company allocates 15% of its profits to BTC acquisitions, having reported over $13 billion in profits for 2024—providing ample room for further purchases.
Tether’s cost basis stands at $41,147 per BTC, significantly below the current market price, resulting in an unrealized profit of $3.83 billion
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🌎 Other News
📕 Educational
ETH/BTC falls to new lows.
The Ethereum to Bitcoin ratio has dropped to 0.02, its lowest since December 2020.
Over the last 2.5 years, the ratio has declined a whopping 75%.
This comes as Bitcoin prices have significantly outperformed Ethereum.
During this time, Ethereum prices have risen 36% while Bitcoin has gained 318%.
This year, Ethereum has dropped 46%, nearly 4 TIMES more than Bitcoin’s decline of 12%.
Ethereum is losing market share.
Source : The Kobeissi Newsletter
📊 Stat of the day
Important crypto events in April by Layergg
🤣 Meme of the day
That concludes our update for today!
We appreciate you joining us for the latest news. We aim to provide the best-in-class insights and highlights that keep you well-informed and ready.
Remember to join us on Telegram and Twitter for additional updates and giveaways. Until then, see you next time!
Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.
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