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Today in crypto, Solari Capital, led by AJ Scaramucci, has put more than $100 million in American Bitcoin, a crypto executive weighs in on the outlook for investors beyond Bitcoin and Ethereum. Meanwhile, Steak ‘n Shake announces expansion in El Salvador.
Scaramucci family invested more than $100 million in Trump’s Bitcoin mining company: Report
The Scaramucci family has invested more than $100 million in the American Bitcoin, the mining company linked to the children of the American 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 a Fortune report. 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.
“Very wide gap” between XRP and investor interest Solana: Exec
The average investor does not reached a clear consensus on which crypto assets outside the first two deserve serious attention, according to Anthony Bassili, president of Coinbase Asset Management.
“There is a very, very clear view in the investor community that the first right wallet is Bitcoin. The next is Bitcoin, Ethereum,” said Bassili during an interview with Cointelegraph at the Bridge conference in New York City on Wednesday.
Bassili said Solana is “perhaps” the third asset on the radar. “The market is not very sure what is the next asset they want to own next,” he said, adding that after Solana, there is a “very wide focus” with XRP.
“We have to see the product market of the next network or the next application that will enter the fourth position,” he added.
Steak ‘n Shake announces expansion in El Salvador
The company of the American fast food chain Steak ‘n Shake announced that it is expansion in El Salvador in an announcement on Saturday.
Steak ‘n Shake started accepting BTC as a form of payment at its restaurants in May. The company announced on a Saturday X place which was amplified by the Bitcoin Office of El Salvador:
“El Salvador is a great country. We have the honor of being in the country of Bitcoin, serving beef tallow fries and distributing Wagyu beef tallow cooking oil. The beginning of a beautiful friendship.”
The company became iconic in the Bitcoin community after its decision to accept BTC, which shows the growing adoption of BTC as a payment method by merchants around the world.
