Report Shows Major Scaramucci Backing for American Bitcoin

New information about the funding behind American Bitcoin has surfaced following a Fortune report. The details outline who helped support the mining company tied to the sons of US President Donald Trump, including a sizable contribution from the Scaramucci family.

Good to Know

• Scaramucci linked funding exceeded 100 million dollars according to Fortune
• American Bitcoin raised 220 million dollars before its reverse merger
• The miner is among the largest publicly listed bitcoin holders globally

Funding Round Reveals Unexpected Backers

Solari Capital, the investment firm founded by AJ Scaramucci, led the deal that raised 220 million dollars in July. The company later went public in September through a reverse merger, though at the time it kept its list of backers private.

AJ told Fortune that Solari Capital put “over 100 million” dollars into the miner but declined to offer a specific figure. Anthony Scaramucci also joined the round with a smaller stake. Other contributors included Tony Robbins, Charles Hoskinson, Grant Cardone and Peter Diamandis.

American Bitcoin now ranks as the twenty fifth largest public holder of bitcoin, according to BitcoinTreasuries.NET. With more mining activity and increased visibility, the company has drawn interest from both crypto analysts and traditional market watchers.

A notable side story comes from the political history surrounding the investment. Anthony Scaramucci had multiple public disagreements with Donald Trump after his short time as White House communications director in 2017, later choosing to support Joe Biden and Kamala Harris during the next two elections.

AJ said the political background did not influence the decision to invest. He told Fortune:

“Has my Dad and Don Sr. have they had their fair share of back and forth? Of course they have. But Bitcoin transcends politics.”

Anthony echoed a similar idea in the report, referring to bitcoin as the “orange team” that stands apart from partisan conflict.

FAQ

How much did the Scaramucci family invest

AJ Scaramucci said Solari Capital contributed over 100 million dollars, though he did not reveal a precise amount.

Who else invested in American Bitcoin

Contributors included Tony Robbins, Charles Hoskinson, Grant Cardone and Peter Diamandis.

Did politics influence the investment

AJ said no, stating that bitcoin rises above political disagreements.

How large is American Bitcoin as a BTC holder

It ranks as the twenty fifth largest public bitcoin holder.