Anthony Scaramucci and his son, AJ Scaramucci, have invested over $100 million into American Bitcoin, the Bitcoin mining and treasury firm cofounded by Eric Trump and backed by Donald Trump Jr., regardless of the elder Scaramucci’s well-documented political feud with the previous president.
In line with the report from Fortune, the funding got here by way of Solari Capital, an funding agency based by AJ Scaramucci, which led a $220 million funding spherical in July earlier than American Bitcoin went public by way of a reverse merger in September.
The backing from the Scaramucci household transcends political divisions, with Bitcoin serving as a standard floor between former adversaries.
Different members within the funding spherical included life coach Tony Robbins, Cardano founder Charles Hoskinson, investor Grant Cardone, and serial entrepreneur Peter Diamandis.
Former Rivals Unite Behind Bitcoin Treasury Technique
Anthony Scaramucci’s transient 11-day stint as White Home communications director in 2017 ended spectacularly following studies of a profanity-laden rant in opposition to Trump staffers.
Since then, the SkyBridge Capital founder has turn into a vocal critic of Trump, supporting Joe Biden in 2020 and Kamala Harris in 2024.
Nevertheless, Trump’s embrace of crypto throughout his 2024 reelection marketing campaign created surprising alignment between the households.
“There could also be a blue and a purple staff, however there’s additionally an orange staff, and that’s Bitcoin,” Anthony Scaramucci informed Fortune, referencing the cryptocurrency’s signature colour.
AJ Scaramucci sourced the deal by way of his shut friendship with Matt Prusak, the president of American Bitcoin, and his former Stanford enterprise faculty roommate.
The youthful Scaramucci noticed alternative within the firm’s twin strategy of mining Bitcoin whereas buying further holdings on the open market, believing it may compete within the saturated market of public Bitcoin treasury corporations.
“The Scaramuccis actually consider in what American Bitcoin is doing, they usually have been prepared to place form of their private points apart and say, ‘Look, we predict it is a nice firm,‘” stated Asher Genoot, chairman of American Bitcoin.
The corporate has quickly expanded its Bitcoin treasury to 4,004 BTC value roughly $415 million, including 139 BTC between October 24 and November 5 alone, making it the twenty fifth largest company Bitcoin holder in line with bitcointreasuries.web.
American Bitcoin (@ABTC), backed by @EricTrump and Donald Trump Jr., has expanded its holdings to 4,004 BTC value $415 million.#Trump #Cryptohttps://t.co/u2gPQgvyzM
— Cryptonews.com (@cryptonews) November 8, 2025
Mining Business Faces Mounting Profitability Disaster
The funding comes as Bitcoin mining confronts its most difficult atmosphere in years, with hash costs plunging to round $42 per petahash per second from $62 in July.
The metric, which measures day by day income per unit of computational energy, is approaching the break-even threshold that would power smaller miners offline.
April’s Bitcoin halving lower block rewards from 6.25 BTC to three.125 BTC whereas community hashrate surged previous one zetahash per second for the primary time, making a profitability squeeze throughout the sector.
Main miners are responding by pivoting towards synthetic intelligence infrastructure, with Cipher Mining signing a $5.5 billion take care of Amazon Internet Providers in October and IREN securing a $9.7 billion settlement with Microsoft in November.
Final Friday, Bitfarms took probably the most dramatic step in abandoning Bitcoin mining solely, saying Thursday it should wind down operations over 2026 and 2027 after posting a $46 million third-quarter loss.
The corporate will convert its Washington State facility to help AI workloads utilizing Nvidia’s next-generation GB300 GPUs beneath a completely funded $128 million binding settlement.
@Bitfarms_io shares dropped 18% because it introduced a wind-down in $BTC operations to pivot to AI infrastructure after a $46M Q3 loss. #Bitcoin #AI https://t.co/3Q7tsldFzS
— Cryptonews.com (@cryptonews) November 14, 2025
American Bitcoin’s technique mirrors that of Technique, previously MicroStrategy, which holds over 641,000 BTC value roughly $66 billion, making it the world’s largest company Bitcoin holder.
Notably, the Trump household’s broader crypto ventures have generated roughly $1 billion in pre-tax beneficial properties over the previous 12 months by way of tokens together with TRUMP and MELANIA, which introduced in $427 million, and WLFI, which added $550 million.
Their USD1 stablecoin has attracted $2.71 billion in reserves, backed one-to-one by U.S. Treasuries.
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