Scaramucci invested in American Bitcoin over $100M

Solari Capital led by AJ Scaramucci has invested more than $100,000,000 in American Bitcoin. A crypto executive gives his opinion on the investor outlook, beyond Bitcoin and Ethereum. Meanwhile, Steak ‘n Shake announces expansion into El Salvador.

Scaramucci’s family spent over $100 million on Trump’s Bitcoin-mining firm, according to a report

Scaramucci, the family has invested over $100 million American Bitcoin is a mining company linked to the sons of US President Donald Trump.

Solari Capital was the source of the funding. The investment company founded by AJ Scaramucci led the $220 million round that the company completed in July. American Bitcoin went public through a reverse merger in September, according to a report from Fortune. Previously, the miner didn’t disclose who its investors were.

AJ Scaramucci said to Fortune that Solari Capital was a contributor “over $100 million,” He did not disclose the exact sum. Anthony Scaramucci’s father also invested a small amount.

According to the report, other contributors include Tony Robbins and Cardano’s Charles Hoskinson. Investor Grant Cardone, and entrepreneur Peter Diamandis were also mentioned.

‘Very wide gap’ between XRP and Solana investor interest: Exec

Even though the average investor hasn’t yet reached a clear consensus Anthony Bassili of Coinbase Asset Management, the President, has offered his opinion on what crypto assets are worth paying attention to beyond those in the top 2.

“There’s a very, very clear view in the investor community in terms of the right first portfolio is Bitcoin. The next is Bitcoin, Ethereum,” Bassili spoke to Cointelegraph during The Bridge Conference in New York City, on Wednesday.

Bassili pointed out that Solana is “maybe” The third asset is on the radar. “The market is very unsure as to what’s the next asset they want to own after that,” “After Solana there’s no other option,” he added. “very wide gap” With XRP.

“We have to see the product market fit of the next network or the next application that will enter that fourth position,” He added.

Steak ‘n Shake announces expansion into El Salvador

American fast food chain company Steak ‘n Shake announced it is expanding to El Salvador In an announcement made on Saturday.

Steak ‘n Shake first began accepting BTC as a form of payment at its restaurant locations in May. The announcement was made in the Saturday edition of X. post El Salvador’s Bitcoin Office amplified the message:

“El Salvador is a great country. We were honored to be in Bitcoin country, serving beef tallow fries and handing out grass-fed and Wagyu beef tallow cooking oil. The beginning of a beautiful friendship.”

After its decision to accept BTC the company became iconic within the Bitcoin community, showing the increasing adoption of BTC by merchants all over the world.