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The purchase was funded mostly common stock issuance and brought the company's holdings to 528,185 BTC.

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The mood in cryptocurrency markets hasn't improved to start this week, as Bitcoin and a number of stocks tied to the digital currencies are all moving lower Monday morning.

Miami, Florida-based Hut 8 merged the majority of its mining operations for an 80% stake in American Data Centers, a company formed by a group of investors including Eric Trump and Donald Trump Jr. that has been relaunched as American Bitcoin. The move illustrates the growing involvement of the Trump family in the crypto landscape as the industry moves towards mainstream acceptance.

Your day-ahead look for March 31, 2025

Australia has the highest number of crypto ATMs in the Asia Pacific region.

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Oil prices are set to remain under pressure in 2025 as U.S. tariffs and slowing economic growth in India and China weigh on demand, while OPEC+ pushes forward with plans to increase output, a Reuters poll showed. With global crude balances expected to widen by 300,000 barrels per day (bpd) this year, the market is teetering on the edge of surplus, said Florian Grunberger, senior analyst at Kpler. "This shift is driven by a weaker macroeconomic outlook in China and underperformance in Indian demand, which more than offset a modest improvement in European demand."

IREN, the ETF’s top holding at 15%, is down more than 40% year-to-date.

Eric and Donald Trump Jr. have partnered with Hut 8 to launch a major U.S.-based bitcoin-mining company.