Scaramucci has invested $100,000,000 in American Bitcoin, which is the company that mines bitcoins for US President Donald Trump and his sons.
Solari Capital, founded by AJ Scaramucci and which had led the company’s $220-million round of funding in July, several months earlier, provided the financing. American Bitcoin went public In September we reversed the merger. according Fortune has published a story. The miner has not revealed its previous backers.
AJ Scaramucci, in Fortune magazine, said that Solari Capital had contributed. “over $100 million,” He did not disclose the exact sum. Anthony Scaramucci’s father also invested a small amount.
The report also noted that Tony Robbins was among the contributors. He was joined by Cardano co-founder Charles Hoskinson and investors Grant Cardone as well as entrepreneur Peter Diamandis.
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Bitcoin transcends politics
It was during a feud that had been raging between Anthony Scaramucci & Donald Trump. Scaramucci was briefly Trump’s White House communication director before he was fired a few days later. Later, he became a critic and endorsed Joe Biden in 2020 and Kamala in 2024.
AJ, however, said that politics had no part in the agreement. “Has my Dad and Don Sr. have they had their fair share of back and forth? Of course they have,” Fortune reported that he said this. “But Bitcoin transcends politics.” Anthony has also been reported to have called Bitcoin “Bitcoin” “orange team” This is above all partisan differences.
According to a report by the Financial Times, AJ sourced this investment from a longstanding relationship. He shared a bedroom with Matt Prusak (now the president of American Bitcoin) while attending Stanford’s Business School.
When Prusak said that a miner would come out of Hut 8, AJ pushed Solari as the leader. He believes that the company is able to compete with other publicly traded Bitcoin firms. This includes those who use their stock price as a proxy of owning BTC.
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American Bitcoins holds 4,000 BTC
American Bitcoin miners and holders of Bitcoin also purchase additional BTC in the open market. According to BitcoinTreasuries.NET, the firm holds 4,004 BTC, worth around $383.86 million, on its balance sheet.
Eric Trump stated in a recent Wall Street Journal interview that the current crypto downturn is no cause Concerning volatility, he said it was a necessary compromise for high return. Bitcoin dropped briefly to below $95,000, a drop of about 25% from its high in early October.
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Source: cointelegraph.com
