The Scaramucci family has invested more than $100 million in US bitcoin, a mining company contracted by the sons of US President Donald Trump.
The financing came from Solari Capital, the investment firm founded by AJ Scaramucci, which led the company’s $220 million round in July, before US Bitcoin went public in a reverse merger in September. The miner had not previously disclosed its backing.
AJ 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 small investment.
According to the report, other contributors included Tony Robbins, Cardano founder Charles Hoskinson, investor Grant Cardone and entrepreneur Peter Damandis.
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Bitcoin is beyond politics
The involvement comes amid a long-running feud between Anthony Scaramucci and Donald Trump. Scaramucci served briefly as Trump’s White House communications director in 2017 before being fired days later, later emerging as a vocal critic who endorsed Joe Biden and Kamala Harris in the 2020 and 2024 elections.
However, AJ said politics had no role in the deal. “Have my dad and Don Sr. had their fair share of back and forth? Of course they have,” she told Fortune. “But Bitcoin is beyond politics.” Anthony also reportedly called Bitcoin an “Orange Team” that sits atop a partisan divide.
According to the report, AJ secured the investment through a longstanding personal connection. He was roommates with Matt Prusak, now the president of US Bitcoin, while attending Stanford’s business school.
When Prusak told him the miner would be kicked out in 8, AJ pushed Solari to lead the round. He said he believes the company can compete with publicly traded bitcoin hoarding firms, including those that position their stock as a proxy for owning BTC.
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US Bitcoin has 4,000 BTC
US Bitcoin mines and holds Bitcoin, and also buys additional BTC on the open market. The firm has 4,004 BTC, worth around $383.86 million, on its balance sheet, according to BitQuintriries.net.
In a recent interview with the Wall Street Journal, Eric Trump said that the current crypto downturn is not a cause for concern, calling volatility a necessary trade-off for higher returns. His comments came as bitcoin briefly slipped below $95,000, down nearly 25% since early October.
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