Scaramucci Family's $100M Investment In Trump's Bitcoin Mining Venture

By: Isha Das

The Scaramucci family's significant investment has taken the spotlight in the crypto world as Solari Capital, led by AJ Scaramucci, invested over $100 million into American Bitcoin, a mining firm tied to the sons of former US President Donald Trump. This substantial financial commitment forms part of a larger $220 million pre-IPO financing round conducted in July. The operation, led by AJ Scaramucci, marks a strategic decision to back a company deeply intertwined with both the political and technological landscapes.

American Bitcoin gained further attention when it opted to go public via a reverse merger in September. Notably, this move came after securing a massive financing round facilitated by Solari Capital, bolstered by a complementary investment from Anthony Scaramucci. Alongside Solari, the backing roster included notable figures such as the founder of Cardano and various entrepreneurs and real-estate figures, emphasizing a broader belief in Bitcoin infrastructure's potential rather than mere speculative engagement with tokens.

As of May 2025, the company's holdings comprised a fleet of over 60,000 Bitcoin miners, amounting to a noteworthy hash rate of 10.17 EH/s. In keeping with its expansive strategy, American Bitcoin has been steadily amassing Bitcoin reserves, as their recent disclosures report significant coin holdings sourced from both mining activities and strategic market purchases.

Despite vibrant growth, the company's connections and operations have sparked discussions around national security concerns. A notable partnership with a major Chinese miner raises eyebrows, with criticism spotlighting the firm's increased access to critical mining equipment under extended payment plans secured by Bitcoin collateral. While such arrangements have enabled American Bitcoin's rapid expansion, they have also introduced questions about the implications for US political figures involved.