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Scaramucci-linked Firm Leads Major Investment in American Bitcoin
Solari Capital, the investment vehicle run by AJ Scaramucci, has injected more than $100 million into American Bitcoin, the public Bitcoin mining company associated with the Trump family. The funding was part of a larger $220 million financing round led by Solari in July — months before American Bitcoin completed a reverse merger and began trading publicly in September. The miner had not previously disclosed many of its private backers.
Who else backed the round?
Besides AJ Scaramucci’s Solari Capital, the July financing attracted contributions from a varied group of investors. According to reporting, participants included entrepreneur and motivational speaker Tony Robbins, Cardano founder Charles Hoskinson, sales trainer Grant Cardone, and futurist Peter Diamandis. Anthony Scaramucci, AJ’s father and a well-known financial figure, also made a smaller personal investment.
Political tensions, but not the driver
The Scaramucci name has been tied to a long-running personal rivalry with former President Donald Trump. Anthony Scaramucci briefly served as White House communications director in 2017 and later publicly criticized Trump, endorsing Democratic candidates in recent election cycles. Despite this backdrop, AJ Scaramucci says the decision to fund the mining business was driven by market opportunity rather than politics. He emphasized that Bitcoin and the broader digital-asset ecosystem stand apart from partisan disputes, framing BTC as an asset class that transcends political alignment.
American Bitcoin’s operations and BTC holdings
American Bitcoin operates as a miner that both secures the Bitcoin network and accumulates BTC on its balance sheet. The company mines Bitcoin and supplements production by purchasing coins on the open market, positioning itself among publicly traded Bitcoin accumulation firms. According to BitcoinTreasuries.NET data, American Bitcoin holds roughly 4,004 BTC, a stake that represents hundreds of millions in fiat value on the company balance sheet.
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American Bitcoin is the 25th largest public Bitcoin holder
Market context and investor perspective
The investment into American Bitcoin comes amid heightened interest in institutional Bitcoin exposure, including debates around Bitcoin ETFs and miners as proxies for BTC ownership. While Bitcoin’s price has experienced volatility — briefly dipping below $95,000 and trading about 25% under an early-October peak — company leaders and backers often characterize volatility as an expected trade-off for long-term upside potential. Eric Trump, speaking about the current market pullback, noted that short-term swings are part of the asset’s profile and not a reason for alarm.
Strategic rationale and industry implications
AJ Scaramucci said his connection to American Bitcoin began through a personal relationship with Matt Prusak, the company’s president and a former roommate from Stanford. When Prusak discussed plans to spin the miner out from its previous owner, AJ advocated for Solari to lead the private round. Backers see American Bitcoin as capable of competing with other public miners and firms that market themselves as indirect ways to accumulate BTC.
As more institutional and high-profile individual investors allocate capital to miners and holders, the line between capital markets and crypto infrastructure continues to blur. This trend may accelerate consolidation among public Bitcoin miners and influence how investors incorporate BTC and mining exposure into diversified portfolios.
Source: cointelegraph
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