Key takeaways
- Although Anthony Scaramucci has publicly split from Donald Trump, he and his son AJ have invested heavily in US Bitcoin.
- The move signals growing institutional confidence in the long-term value of Bitcoin and its mining infrastructure.
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American Bitcoin, a bitcoin mining and accumulating company 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.
The investment was made despite Anthony Scaramucci publicly parting ways with Donald Trump after briefly serving as Trump’s White House communications director in 2017. Scaramucci has since become an outspoken critic of Trump.
Scaramucci, through SkyBridge Capital, has led investments in Bitcoin mining, emphasizing the asset’s appeal beyond political affiliations. The investment reflects growing institutional confidence in Bitcoin’s long-term prospects amid continued demand outpacing supply.
Prominent hedge fund managers express confidence in Bitcoin’s future dominance over technology giants due to sustainable market dynamics. Investors are describing Bitcoin as transcending politics, even in projects linked to the president’s family, fueling broader adoption in cryptocurrency mining operations.
