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The Scaramucci family has invested more than $100 million in American Bitcoin, the mining company linked to the children of President Donald Trump.
The funding came through Solari Capital, the investment firm founded by AJ Scaramucci, which led the company’s $220 million round in July, months earlier. American Bitcoin has gone public through a reverse merger in September, according to to a report from Fortune. The miner has not previously disclosed its backers.
AJ Scaramucci told Fortune that Solari Capital contributed “more than 100 million dollars”, although he did not reveal the exact amount. His father, Anthony Scaramucci, also participated with a smaller investment.
Other contributors include Tony Robbins, Cardano founder Charles Hoskinson, investor Grant Cardone and entrepreneur Peter Diamandis, according to the report.
Bitcoin is beyond politics
The involvement comes amid a long-running dispute between Anthony Scaramucci and Donald Trump. Scaramucci briefly served as Trump’s White House communications director in 2017 before being fired days later, later emerging as a vocal critic who endorsed Joe Biden and Kamala Harris in the 2020 and 2024 elections.
However, AJ said politics did not play a role in the deal. “Did my dad and Don Sr. have their fair share of back and forth? Of course they did,” he told Fortune. “But Bitcoin Transcends Politics.” Anthony also called Bitcoin the “orange team” that stands above the partisans.
According to the report, AJ acquired the investment through a long-standing personal connection. He was roommates with Matt Prusak, now the president of American Bitcoin, while attending Stanford business school.
When Prusak said the miner would be pinned from hut 8, AJ pushed Solari to lead the round. He said he believes the company can compete with publicly traded Bitcoin hoarding companies, including those that position their stock as a proxy for owning BTC.
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American Bitcoin holds 4,000 BTC
American Bitcoin mines and holds Bitcoin, and also buys additional BTC on the open market. According to BitcoinTreasures.NET, the firm holds 4,004 BTC, worth approximately $383.86 million, on its balance sheet.
In a recent interview with the Wall Street Journal, Eric Trump said The current crypto crisis is not the cause for concern, call volatility a necessary trade-off for high performance. His comments come as Bitcoin briefly fell below $95,000, about 25% lower than its early October peak.
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