American Bitcoin raises over 100 million! Scaramucci father and son lead investment in Trump family mining.

AJ Scaramucci's Solari Capital has invested over 100 million USD in American Bitcoin, a mining company associated with President Trump's sons. The company led a 220 million USD financing round for American Bitcoin in July, which subsequently went public through a Reverse acquisition in September.

Solari Capital leads over $100 million

(Source: Fortune)

AJ Scaramucci told Fortune magazine that Solari Capital invested “over $100 million,” but he did not disclose the specific amount. His father, Anthony Scaramucci, also participated in the investment, but the amount was smaller. This investment is part of the $220 million funding round completed by American Bitcoin in July, with Solari Capital acting as the lead investor. Previously, the mining company had not disclosed its investors, and this disclosure shows that the Scaramucci family’s confidence in American Bitcoin has reached unprecedented heights.

Solari Capital's investment strategy shows that it is optimistic about the competitiveness of American Bitcoin among publicly traded companies that hold Bitcoin. AJ Scaramucci stated that he believes this company can compete with others that position their stocks as alternatives to holding Bitcoin, including well-known Bitcoin strategic reserve companies like MicroStrategy. This positioning makes American Bitcoin not only a mining company but also a Bitcoin investment tool.

According to reports, other contributors include world-renowned motivational speaker Tony Robbins, Cardano founder Charles Hoskinson, real estate investor Grant Cardone, and entrepreneur Peter Diamandis. This lineup of investors spans multiple fields including motivation, cryptocurrency, real estate, and technological innovation, demonstrating that American Bitcoin has gained recognition from cross-disciplinary elites. Tony Robbins' participation is particularly noteworthy, as he has millions of followers and his investment decisions often draw market attention.

American Bitcoin Major Investors

Solari Capital: Led an investment of over $100 million, founded by AJ Scaramucci

Anthony Scaramucci: Former White House Communications Director, with a smaller amount but significant symbolic meaning.

Tony Robbins: World-renowned motivational speaker and investor

Charles Hoskinson: Founder of Cardano, a heavyweight figure in the cryptocurrency field.

Grant Cardone: well-known real estate investor

Peter Diamandis: Founder of X Prize, leader in technological innovation

Political grudges give way to Bitcoin faith

Anthony Scaramucci's involvement comes at a time of long-standing discord between him and Donald Trump. Scaramucci briefly served as Trump's White House Communications Director in 2017, only to be fired after just 11 days, subsequently becoming a vocal critic of Trump and supporting Joe Biden and Kamala Harris in the 2020 and 2024 presidential elections, respectively. This political feud makes his investment in American Bitcoin, associated with the Trump family, particularly noteworthy.

However, AJ stated that political factors did not affect the deal. “Did my father and old Donald have a lot of arguments? Of course they did,” he told Fortune magazine. “But Bitcoin transcends politics.” According to reports, Anthony also referred to Bitcoin as the “orange team” that rises above partisan divides. This description echoes the long-held belief in the cryptocurrency community: Bitcoin, as a decentralized digital asset, is not controlled by any political faction and is a neutral asset that transcends the left-right struggle.

According to reports, AJ obtained this investment through a long-term private relationship. He was roommates with current American Bitcoin president Matt Prusak while studying at Stanford Business School. When Prusak informed him that this mining company would spin off from Hut 8, AJ strongly recommended Solari to lead this round of financing. This type of trust-based private relationship investment is very common in the venture capital field and often drives large transactions more than pure financial analysis.

This case also highlights the unique attributes of Bitcoin as part of the “orange team.” In the context of increasing political polarization in the United States, Bitcoin has become one of the few asset classes that can bridge the political divide. Whether Republican supporters of Trump or Democratic critics of Trump, there is common ground in Bitcoin investment. This characteristic of transcending politics may be a key factor in attracting diverse investors to American Bitcoin.

The business model of American Bitcoin and Bitcoin holdings

American Bitcoin mines and holds Bitcoin, and will also purchase more Bitcoin on the open market. According to data from BitcoinTreasuries.NET, the company's balance sheet shows it holds 4,004 Bitcoins, valued at approximately $383.86 million. This makes American Bitcoin the 25th largest publicly held Bitcoin institution in the world, indicating that it has entered the ranks of institutional Bitcoin holders.

This dual business model provides American Bitcoin with diversified revenue sources. The mining business offers stable Bitcoin production capacity, while strategic acquisitions allow the company to actively expand its holdings during market downturns. American Bitcoin went public in September through a Reverse acquisition, a listing method that enables it to quickly enter the public market and avoid the lengthy process and high costs associated with a traditional IPO.

The connection with the Trump family has brought additional market attention to American Bitcoin. Eric Trump recently stated in an interview with The Wall Street Journal that there is no need to worry about the current slump in cryptocurrency; he believes that volatility is a necessary price to pay for high returns. Previously, the price of Bitcoin had briefly fallen below $95,000, down about 25% from the peak at the beginning of October. This public statement demonstrates the Trump family's confidence in the long-term prospects of Bitcoin, which also indirectly provides confidence support for American Bitcoin.

American Bitcoin's strategy is similar to MicroStrategy's Bitcoin strategic reserve model. MicroStrategy raises funds to purchase Bitcoin through the issuance of bonds and stocks, with its stocks themselves becoming leveraged investment tools for Bitcoin. If American Bitcoin can successfully replicate this model, its stock value will not only depend on mining income but also on the market value changes of its Bitcoin holdings. When Bitcoin prices rise, American Bitcoin's stock may gain more than the increase of Bitcoin itself.

Trump family's cryptocurrency empire layout

American Bitcoin is part of the Trump family's broader cryptocurrency empire. According to a previous report by the Financial Times, the Trump family has earned over 1 billion dollars in pre-tax profits from cryptocurrency ventures over the past year, including various projects such as meme coins, stablecoins, tokens, and decentralized finance platforms. American Bitcoin, as a mining and holding company, adds strength to the infrastructure layer of this empire.

Unlike speculative products like Meme coins, American Bitcoin provides value supported by real business operations. The mining business requires actual hardware investment, power consumption, and operational management, making it more sustainable than pure token projects. The Scaramucci family chose to invest in American Bitcoin rather than Trump's Meme coin project, indicating that their investment decision is based on long-term value judgment rather than short-term speculation.

The current pullback in Bitcoin prices provides a strategic opportunity for American Bitcoin. If the company can actively accumulate Bitcoin at low prices, it will achieve significant returns when the market rebounds. AJ Scaramucci expressed confidence that American Bitcoin can compete with other publicly traded Bitcoin holding companies, a belief that is partly rooted in the current market valuation opportunities.