Scaramucci Family Commits Over $100 Million to Bitcoin Miner Connected to Trump Sons
The Scaramucci family has poured more than $100 million into American Bitcoin, a cryptocurrency mining firm with direct ties to the sons of former U.S. President Donald Trump. The investment, channeled through AJ Scaramucci’s firm Solari Capital, represents a major financial endorsement of the mining company, despite longstanding political friction between the Scaramuccis and the Trump family.
Solari Capital spearheaded a $220 million funding round for American Bitcoin in July, just months before the firm went public via a reverse merger in September. The company had not previously disclosed the identities of its backers, making this revelation particularly notable. While AJ Scaramucci confirmed Solari’s contribution exceeded $100 million, he did not provide a precise figure. His father, Anthony Scaramucci, also participated with a smaller stake.
Other notable investors in the round included motivational speaker Tony Robbins, Cardano founder Charles Hoskinson, real estate mogul Grant Cardone, and futurist entrepreneur Peter Diamandis.
Interestingly, this sizable investment comes despite a fraught history between Anthony Scaramucci and Donald Trump. Anthony briefly served as White House communications director in 2017 before being dismissed after just 11 days. Since then, he has become a vocal critic of Trump, endorsing Joe Biden in the 2020 and 2024 elections. Nevertheless, AJ Scaramucci insists that political differences had no bearing on the decision to invest in American Bitcoin.
“Have my dad and Don Sr. had their differences? Absolutely,” AJ said. “But Bitcoin transcends politics.” Anthony Scaramucci has previously described Bitcoin as the “orange team,” symbolizing a movement above partisan divides.
The connection between AJ Scaramucci and American Bitcoin goes beyond business. AJ was roommates with Matt Prusak — now the president of American Bitcoin — during their time at Stanford Business School. It was through this personal relationship that AJ learned about the company’s planned spin-off from Hut 8 and encouraged Solari Capital to lead the investment round.
American Bitcoin’s business model involves both mining new Bitcoin and acquiring additional BTC on the open market. According to public data, the company holds 4,004 BTC on its balance sheet, valued at approximately $384 million at current market rates. This positions the firm among the top corporate holders of Bitcoin globally.
The company’s strategy mirrors that of other publicly traded Bitcoin accumulation firms that use their stock as a proxy for Bitcoin exposure. American Bitcoin’s approach aims to attract investors seeking indirect access to BTC without directly purchasing the asset.
In a recent interview, Eric Trump dismissed concerns over the ongoing crypto market slump, emphasizing that volatility is an inherent part of achieving outsized returns. His remarks came amid a temporary drop in Bitcoin’s price below $95,000 — about 25% off its peak earlier in October.
The Scaramucci family’s sizable backing of a Trump-affiliated company reflects a broader trend among high-net-worth individuals and institutional investors who are increasingly willing to overlook political affiliations in favor of promising financial opportunities in the digital asset space.
This investment also aligns with a growing recognition of Bitcoin’s role as a long-term store of value and hedge against inflation, particularly among legacy financial players who were once skeptical of crypto assets. The involvement of figures like Tony Robbins and Charles Hoskinson further underscores the increasing mainstream acceptance of Bitcoin mining as a legitimate and potentially lucrative sector.
Moreover, the investment signals confidence in Bitcoin’s resilience, despite regulatory uncertainty and market volatility. As the Bitcoin halving event approaches and institutional adoption accelerates, mining firms like American Bitcoin are poised to benefit from tightened supply and rising demand.
American Bitcoin’s reverse merger — a strategy often used to expedite public listings without going through the traditional IPO route — also reflects the urgency among crypto firms to tap into public capital markets. This move allows the company to raise additional funds and scale operations while enhancing transparency and regulatory compliance.
The presence of high-profile investors may help American Bitcoin establish credibility in an increasingly competitive market. As mining firms face rising energy costs and environmental scrutiny, the support of influential backers could prove pivotal in shaping public perception and securing long-term partnerships.
In the broader context, the Scaramucci family’s bold bet on Bitcoin mining illustrates a shift in investor mindset. No longer confined to early adopters or tech enthusiasts, Bitcoin is now attracting seasoned financiers and entrepreneurs who view it as a cornerstone of the future financial system.
Ultimately, the $100 million-plus investment by AJ Scaramucci and his firm underscores their belief in Bitcoin’s potential — not just as an asset class, but as a transformative force in global finance. And in a rare convergence of business and politics, it demonstrates that when it comes to digital assets, ideological lines may blur in the face of opportunity.