Crypto
Trump-Tied Hut 8 Director Offloads $2 Million in Shares Amidst Controversy
Hut 8, a company involved in Bitcoin mining and pivoting to AI, has seen one of its directors sell $2 million worth of shares. This sale was made under Rule 10b5-1 plan by Shattuck Mayo III.
The company's subsidiary, American Bitcoin, was founded by Eric and Donald Trump Jr. in March 2025, making it a major crypto operation led by the President's sons.
This partnership between Hut 8 and the Trump family has raised concerns among investors about its potential impact on the company's growth and direction.