Solari Capital, led by AJ Scaramucci, has put more than $100 million into American Bitcoin, the mining firm tied to President Trump’s sons.
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The Scaramucci family has invested over $100 million into American Bitcoin, the mining company tied to US President Donald Trump’s sons.
The funding came through Solari Capital, the investment firm founded by AJ Scaramucci, which led the company’s $220 million round in July, months before through a reverse merger in September, to a report from Fortune. The miner did not previously disclose its backers.
AJ Scaramucci told Fortune that Solari Capital contributed “over $100 million,” though he did not reveal the exact amount. His father, Anthony Scaramucci, also participated with a smaller investment.
Other contributors included Tony Robbins, Cardano founder Charles Hoskinson, investor Grant Cardone and entrepreneur Peter Diamandis, per the report.
Related:
Bitcoin is beyond politics
The involvement came amid a long-running feud between Anthony Scaramucci and Donald Trump. Scaramucci briefly served as Trump’s White House communications director in 2017 before being fired days later, later emerging as a vocal critic who endorsed Joe Biden and Kamala Harris in the 2020 and 2024 elections.
However, AJ said politics played no role in the deal. “Has my Dad and Don Sr. have they had their fair share of back and forth? Of course they have,” he told Fortune. “But Bitcoin transcends politics.” Anthony also reportedly called Bitcoin the “orange team” that sits above partisan divides.
According to the report, AJ sourced the investment through a long-standing personal connection. He was roommates with Matt Prusak, now the president of American Bitcoin, while attending Stanford’s business school.
When Prusak told him the miner would be spun out from Hut 8, AJ pushed for Solari to lead the round. He said he believes the company can compete with publicly traded Bitcoin accumulation firms, including those positioning their stock as a proxy for owning BTC.
Related:
American Bitcoin holds 4,000 BTC
American Bitcoin mines and holds Bitcoin, and also purchases additional BTC on the open market. According to BitcoinTreasuries.NET, the firm holds 4,004 BTC, worth around $383.86 million, on its balance sheet.
In a recent interview with The Wall Street Journal, Eric Trump said the for concern, calling volatility a necessary trade-off for high returns. His comments come as Bitcoin briefly slipped below $95,000, about 25% lower than its early-October peak.
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