The Scaramucci family has invested more than $100 million in Bitcoin Corporation of America, the mining company linked to the children of US President Donald Trump.
The funding came through Solari Capital, the investment firm founded by AJ Scaramucci, which led the company’s $220 million round in July, months before US Bitcoin went public via a reverse merger in September. According to For a report from Fortune. The miner has not previously revealed his backers.
AG Scaramucci told Fortune that Solari Capital contributed “more than $100 million,” though he did not disclose the exact amount. His father, Anthony Scaramucci, also participated with a smaller investment.
Other contributors include Tony Robbins, Cardano founder Charles Hoskinson, investor Grant Cardone and entrepreneur Peter Diamandis, according to the report.
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Bitcoin transcends politics
This participation came amid a long-running feud between Anthony Scaramucci and Donald Trump. Scaramucci briefly served as White House communications director under Trump in 2017 before being fired days later, and later emerged as an outspoken critic who endorsed Joe Biden and Kamala Harris in the 2020 and 2024 elections.
However, the AJ said politics played no role in the deal. “Did my father and Don Sr. get their fair share of going back and forth? Of course they did,” he told Fortune. “But Bitcoin transcends politics.” Anthony also reportedly called Bitcoin the “orange team” that lies above partisan divides.
According to the report, AJ obtained the investment through a long-standing personal relationship. He was roommates with Matt Prusak, now president of American Bitcoin, while attending business school at Stanford University.
When Prusak told him that the miner would be removed from Hut 8, AJ paid Solari to lead the tour. He said he believes the company can compete with publicly traded bitcoin accumulation companies, including those that position their shares as a proxy for owning bitcoin.
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A US Bitcoin contains 4,000 Bitcoins
The American Bitcoin company mines and holds Bitcoin, and also purchases additional BTC on the open market. According to BitcoinTreasuries.NET, the company has 4,004 bitcoins, worth about $383.86 million, on its balance sheet.
In a recent interview with the Wall Street Journal, Eric Trump said the current decline in cryptocurrencies is nothing to worry about, describing volatility as a necessary trade-off for achieving high returns. His comments come as Bitcoin briefly fell below $95,000, about 25% below its peak in early October.
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