Major Investment by Scaramucci Family
The Scaramucci family has invested over $100 million into American Bitcoin, a mining company tied to U.S. President Donald Trump’s sons. The funding was made through Solari Capital, the investment firm founded by AJ Scaramucci, which led American Bitcoin’s $220 million funding round in July, months before the company went public via a reverse merger in September. The miner had not previously disclosed its backers. AJ Scaramucci confirmed Solari Capital contributed “over $100 million,” while his father, Anthony Scaramucci, also participated with a smaller investment. Other notable contributors include Tony Robbins, Cardano founder Charles Hoskinson, investor Grant Cardone, and entrepreneur Peter Diamandis.

Bitcoin and Politics
The investment comes despite a long-standing feud between Anthony Scaramucci and Donald Trump. AJ Scaramucci emphasized that politics played no role in the deal. He stated, “Has my Dad and Don Sr. had their fair share of back and forth? Of course they have. But Bitcoin transcends politics.” Anthony reportedly referred to Bitcoin as the “orange team,” sitting above partisan divides. AJ sourced the investment through a personal connection, having been roommates with Matt Prusak, now president of American Bitcoin, at Stanford Business School.

American Bitcoin Operations and Holdings
American Bitcoin mines and holds Bitcoin while also buying additional BTC from the open market. According to BitcoinTreasuries.NET, the company holds 4,004 BTC, valued at approximately $383.86 million. Eric Trump, in a recent interview with The Wall Street Journal, downplayed concerns about the current crypto downturn, describing volatility as a necessary trade-off for high returns. Bitcoin recently dipped below $95,000, roughly 25% below its early-October peak.