Scaramucci Family Leads $220 Million Investment in American Bitcoin
Solari Capital, run by Anthony Scaramucci and his son AJ, raised $220 million for American Bitcoin. This crypto mining firm is connected to the Trump family and was co-founded by Eric Trump.
The funding round took place in July, two months before American Bitcoin went public in September. Solari Capital invested over $100 million, with Anthony Scaramucci also making a separate individual investment. Other investors included Tony Robbins, Cardano founder Charles Hoskinson, Grant Cardone, and entrepreneur Peter Diamandis.
AJ Scaramucci said, “Has my Dad and Don Sr. [Donald Trump], have they had their fair share of back and forth? Of course they have, but Bitcoin transcends politics.”
Political Differences Do Not Affect Business Partnership
Anthony Scaramucci briefly served as White House communications director in 2017 but later criticized Donald Trump’s presidency. Despite this, the Scaramuccis chose to partner with the Trump family in American Bitcoin.
AJ Scaramucci developed a relationship with American Bitcoin President Matt Prusak while at Stanford Business School. They saw potential after the company spun off from Bitcoin miner Hut 8, aiming to mine cryptocurrency and offer shares to investors.
Shared Confidence in Bitcoin as a Non-Partisan Asset
American Bitcoin Chairman Asher Genoot said the Scaramuccis “put personal issues aside” to support the company. Donald Trump has also adopted a pro-crypto stance during his 2024 campaign, reflecting a broader political shift.
Anthony Scaramucci described Bitcoin’s appeal as beyond party lines. “There may be a blue and a red team, but there’s also an orange team, and that’s Bitcoin,” he said, referencing Bitcoin’s signature color.
The $220 million funding round signals strong investor confidence in American Bitcoin’s future. The collaboration between the Scaramucci and Trump families shows how crypto investments can bridge political divides.
