The Scaramuccis have revealed that they committed a $100 million investment to American Bitcoin, a Trump family-linked mining company, despite their sour relationship with President Donald Trump. American Bitcoin is a mining company backed by the Trump family and has big ambitions in the crypto industry, specifically focusing its business on Bitcoin.
Fortune reported that the $220 million funding round was led by Solari Capital. Other notable backers include Tony Robbins, Charles Hoskinson (the co-founder of Cardano), Grant Cardone, and Peter Diamandis.
Solari Capital, an investment firm led by AJ and Anthony Scaramucci, reportedly contributed more than $100 million in the July funding round for American Bitcoin. This is significant due to the Bitcoin mining company’s ties to Donald Trump’s sons.
Anthony Scaramucci, AJ’s father and the founder of SkyBridge Capital, also made a smaller personal investment, though he did not disclose the exact amount. Anthony is well-known for his brief tenure as White House Communications Director under Donald Trump and for being openly critical of the former president afterward. However, both he and his son have invested in American Bitcoin, citing their belief in Bitcoin’s power despite their dissatisfaction with Trump.
AJ Scaramucci has even closer ties with American Bitcoin’s president, Matt Prusak, who was his roommate at Stanford Business School. According to Fortune, Prusak informed AJ that American Bitcoin was being spun off from Hut 8, prompting AJ to seize the opportunity.
### American Bitcoin’s Operations
American Bitcoin was launched by Eric Trump and Donald Trump Jr., in partnership with Hut 8. Under the deal, Hut 8 contributed “substantially all” of its Bitcoin mining equipment in exchange for 80% of the company’s shares, while the Trump family reportedly holds the remaining stake.
Following a reverse merger in September, American Bitcoin began trading on the Nasdaq. According to its filings, the company operates mining facilities in locations such as Niagara Falls, Canada, and Texas, housing tens of thousands of mining rigs.
As of mid-November 2025, American Bitcoin reported holding 4,004 BTC, worth roughly $415 million at that time.
### Funding Details and Future Plans
A regulatory filing cited by Cryptopolitan revealed that American Bitcoin raised the full $220 million through a private share placement. Approximately $10 million of that amount was paid in Bitcoin instead of cash. The reported average “cost” per share was about $104,000 per Bitcoin equivalent, according to the same filing.
American Bitcoin stated that it plans to use a portion of the capital to acquire additional mining equipment and to build up its Bitcoin treasury. Eric Trump described American Bitcoin as a means to profit from Bitcoin without purchasing it directly, calling it a “proxy play.” This strategy is similar to that of Michael Saylor’s company, which buys massive amounts of Bitcoin and allows investors to gain exposure by owning the company’s stock.
Additionally, the Trump family’s publicly traded media business has announced plans to raise $2.5 billion to build a Bitcoin treasury.
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https://bitcoinethereumnews.com/bitcoin/trump-backed-american-bitcoin-received-100m-investment-from-political-critic/