Scaramucci Family Invests Over $100 Million in American Bitcoin, Trump-Backed Mining Firm
Anthony Scaramucci and his son AJ have invested more than $100 million through Solari Capital into American Bitcoin, a Bitcoin mining and treasury company co-founded by Eric Trump and supported by Donald Trump Jr. This investment follows Solari Capital's $220 million funding round in July and American Bitcoin's September reverse merger to go public. Other notable participants in the funding round included Tony Robbins, Charles Hoskinson, Grant Cardone, and Peter Diamandis.
American Bitcoin's Bitcoin treasury currently holds 4,004 BTC, approximately $415 million, having added 139 BTC between October 24 and November 5. The firm ranks 25th among corporate Bitcoin holders according to bitcointreasuries.net.
Despite the investment, Bitcoin mining profitability is facing challenges, with the current hash price near $42 per PH/s and the halving event reducing block rewards to 3.125 BTC. Meanwhile, the network hashrate has surpassed 1 zetahash per second. In related news, Bitfarms announced it will wind down Bitcoin mining operations by 2026-2027 and convert its Washington facility to support AI workloads under a $128 million agreement with Nvidia. Following the announcement, Bitfarms' stock fell 18%.
The collaboration between the Scaramucci and Trump families in the crypto sector reflects former President Trump's 2024 outreach efforts to the cryptocurrency community. Anthony Scaramucci, who had previously criticized Trump, acknowledged Bitcoin as a point of unity.
American Bitcoin's business model resembles that of MicroStrategy, which holds over 641,000 BTC valued around $66 billion, making it the largest corporate Bitcoin holder. Over the past year, Trump family crypto ventures have reportedly generated roughly $1 billion in pre-tax gains across tokens TRUMP and MELANIA ($427 million), and WLFI ($550 million). Additionally, the USD1 stablecoin associated with these ventures maintains approximately $2.71 billion in reserves, fully backed 1:1 by U.S. Treasuries.
