Key takeaways
- Despite Anthony Scaramucci’s public breakup with Donald Trump, he and his son AJ have invested heavily in US Bitcoin.
- The move demonstrates growing institutional confidence in the long-term value of Bitcoin and its mining infrastructure.
Share this article
American Bitcoin, a Bitcoin mining and accumulation company co-led by Eric Trump and Donald Trump Jr., secured a $220 million pre-IPO funding round in July led by Solari Capital, according to Fortune.
Founded by AJ Scaramucci, son of Anthony Scaramucci, Solari Capital has invested more than $100 million, with Anthony Scaramucci adding a small personal stake.
Cardano founder Charles Hoskinson, real estate investor Grant Cardone and entrepreneur Peter Diamandis also joined the round.
This investment was made despite Anthony Scaramucci’s public break with Donald Trump after briefly serving as Trump’s White House communications director in 2017. Scaramucci has since become a vocal critic of Trump.
Scaramucci, through SkyBridge Capital, has led investments in Bitcoin mining, highlighting the asset’s appeal beyond political affiliations. The investment reflects growing institutional confidence in Bitcoin’s long-term prospects amid persistent demand outpacing supply.
Prominent hedge fund managers express confidence in Bitcoin’s future dominance over tech giants due to sustained market momentum. Investors describe Bitcoin as transcending politics, even at businesses linked to the president’s family, driving wider adoption in cryptocurrency mining operations.
