Anthony Scaramucci had a short tenure as White House communications director under President Donald Trump's initial term, subsequently evolving into a vocal opponent of the president. Despite this, the founder of SkyBridge Capital and his son, AJ Scaramucci, continue to support American Bitcoin, the Bitcoin mining company co-founded by President Trump's sons Eric and invested in by Donald Jr. AJ Scaramucci's investment firm, Solari Capital, spearheaded a July $220 million funding funding round for The Trump family enterprise, as confirmed by The Scaramuccis to Coins2Day.
TL;DR
- AJ Scaramucci's Solari Capital led a $220 million investment in American Bitcoin, a Trump family crypto mining company.
- Anthony Scaramucci, despite past political opposition to Donald Trump, also made a personal investment.
- AJ Scaramucci stated that Bitcoin transcends politics, despite his father's history with President Trump.
- American Bitcoin, co-founded by Eric and Donald Jr. Trump, mines digital currency and was previously part of Hut 8.
American Bitcoin secured the funding prior to its public through a reverse merger in September, yet it failed to reveal the investors. Solari Capital invested more than $100 million in the firm, according to AJ, who declined to provide an exact figure. Anthony also contributed a modest personal investment, the amount of which he chose not to disclose. Among other participants in this funding round were life coach Tony Robbins, Cardano creator Charles Hoskinson, veteran investor Grant Cardone, and prolific entrepreneur Peter Diamandis.
“Has my Dad and Don Sr. [Donald Trump], have they had their fair share of back and forth? Of course they have,” AJ told Coins2Day, “but Bitcoin transcends politics.”
Bitcoin believers
Anthony Scaramucci became nationally known in 2017 after President Trump selected him to head the White House's communications department. Scaramucci was fired after just a few days in the role, however, subsequent to the report of an expletive-laden tirade targeting other Trump personnel.
Since then, Scaramucci has come out in force against Trump and supported Joe Biden and Kamala Harris in their presidential campaigns in 2020 and 2024, respectively. But, the Wall Street financier has also been a longtime crypto advocate and Bitcoin believer, something the two families began to share in common after Trump came out in support of the crypto industry during his 2024 campaign for reelection.
“There may be a blue and a red team, but there’s also an orange team, and that’s Bitcoin,” Anthony, referring to the color most associated with the cryptocurrency, told Coins2Day.
AJ found the deal for Solari Capital. The younger Scaramucci shared a room with Matt Prusak, who is now the president of American Bitcoin, during their time at Stanford University’s business school. “Matt is one of my closest personal friends,” AJ stated.
Upon hearing from Prusak about the spin-off of American Bitcoin from Hut 8, another Bitcoin miner, AJ seized the chance. He expressed his belief that the company could succeed in the crowded public company landscape, similar to Michael Saylor's approach, which involves purchasing Bitcoin and marketing their stock as a means for investors to gain exposure to the leading cryptocurrency through stock market investments.
American Bitcoin produces its own digital currency by mining, which involves solving intricate mathematical problems to earn parts of the token. Subsequently, it retains this digital currency and also acquires additional amounts from the market.
“The Scaramuccis really believe in what American Bitcoin is doing, and they were willing to put kind of their personal issues aside and say, ‘Look, we think this is a great company.’” Asher Genoot, chairman of American Bitcoin, told Coins2Day.