Scaramucci Family Invests Over $100M in Trump-Linked Bitcoin Mining Firm

• The Scaramucci family invested more than $100 million into American Bitcoin, a mining company connected to President Donald Trump’s sons.
• The investment came through AJ Scaramucci’s firm, Solari Capital, which led the company’s $220 million funding round.
• Other major investors include Tony Robbins, Charles Hoskinson, Grant Cardone and Peter Diamandis.
• Anthony Scaramucci and Donald Trump have a long history of public conflict, but AJ Scaramucci says the deal was not political.
• American Bitcoin is the 25th largest public BTC holder with more than 4,000 BTC.
• Eric Trump recently commented that crypto volatility is expected and not a major concern.

The Scaramucci family has invested more than $100 million into American Bitcoin, a mining company tied to the sons of U.S. President Donald Trump, according to a new report from Fortune.

The investment was made through Solari Capital, the firm founded by AJ Scaramucci, who led the company’s $220 million funding round in July. This took place months before American Bitcoin went public in September through a reverse merger. Until now, the mining firm had not publicly disclosed its financial backers.

AJ Scaramucci confirmed that Solari Capital contributed “over $100 million” but did not give an exact figure. His father, Anthony Scaramucci, also participated with a smaller personal investment.

The report noted that several high-profile investors joined the round, including:

• Tony Robbins, motivational speaker and entrepreneur
• Charles Hoskinson, founder of Cardano
• Grant Cardone, real estate investor and influencer
• Peter Diamandis, entrepreneur and XPRIZE founder

American Bitcoin has become one of the major holders of Bitcoin among public companies. Data from BitcoinTreasuries.NET shows the firm owns 4,004 BTC, worth around $383.86 million, making it the 25th largest public Bitcoin holder.

Bitcoin “Beyond Politics”

The investment came as a surprise to many observers, given the well-known rivalry between Anthony Scaramucci and Donald Trump. Anthony served briefly as Trump’s White House communications director in 2017 before being fired and later becoming a vocal critic. He publicly supported Joe Biden and Kamala Harris in both the 2020 and 2024 elections.

Despite this, AJ Scaramucci insisted that politics had no influence on the investment deal.
“Have my dad and Don Sr. had their fair share of back and forth? Of course,” he said. “But Bitcoin transcends politics.”
Anthony Scaramucci has also previously called Bitcoin the “orange team,” referring to its ability to rise above political divides.

AJ explained that the deal came from a personal connection. He was roommates with Matt Prusak, now the president of American Bitcoin, during their time at Stanford Business School. When Prusak shared that the mining company would be spun out from Hut 8, AJ pushed for Solari Capital to lead the round.

He believes American Bitcoin has the potential to grow and compete with other public companies that use their stock as a proxy for holding BTC.

Market Outlook and Trump Comments

In a recent interview with The Wall Street Journal, Eric Trump commented on the current crypto downturn, saying that volatility is a normal part of the market and a reasonable trade-off for potential high returns. His remarks came as Bitcoin briefly dropped below $95,000, roughly 25% lower than its peak earlier in October.

Despite the pullback, American Bitcoin continues to focus on mining, holding BTC, and purchasing additional Bitcoin on the open market—further strengthening its position as one of the notable corporate Bitcoin holders.

Final Thought

The Scaramucci family’s major investment adds another unexpected twist to the intersection of crypto, politics and high finance. With influential backers and a growing BTC reserve, American Bitcoin is quickly becoming a significant player in the mining sector. As the firm expands and Bitcoin’s price fluctuates, its long-term strategy could shape how institutions approach Bitcoin mining and accumulation.