Michaela
The Scaramucci family, known for their high-profile investment activities, has poured over $100 million into American Bitcoin, the mining firm associated with President Donald Trump’s sons, through AJ Scaramucci’s investment firm, Solari Capital.
Key Points
- According to a report from Fortune, Solari Capital led American Bitcoin’s $220 million funding round in July, just months before the company went public via a reverse merger in September
- At the time, the company had not disclosed its investors
- AJ Scaramucci told Fortune that Solari Capital contributed over $100 million to American Bitcoin, with his father, Anthony Scaramucci, also making a smaller investment
According to a report from Fortune, Solari Capital led American Bitcoin’s $220 million funding round in July, just months before the company went public via a reverse merger in September. At the time, the company had not disclosed its investors.
AJ Scaramucci told Fortune that Solari Capital contributed over $100 million to American Bitcoin, with his father, Anthony Scaramucci, also making a smaller investment. Other notable backers include motivational speaker Tony Robbins, Ethereum co-founder Charles Hoskinson, real estate investor Grant Cardone, and entrepreneur Peter Diamandis, founder of the XPRIZE Foundation.
The Scaramucci family’s investment has attracted attention, given Anthony Scaramucci’s highly publicized political history with President Trump. Anthony briefly served as Trump’s White House communications director in 2017 before being dismissed after just days in the role and later became a vocal critic, endorsing former U.S. President Joe Biden and Kamala Harris in both the 2020 and 2024 elections.
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Despite reports linking the Scaramucci family to investments in a Trump-associated Bitcoin mining company, Anthony Scaramucci has continued to criticize the former president. In a recent post on X, Scaramucci took aim at Trump while responding to Rep. Marjorie Taylor Greene’s claims that the former president was “coming after” her as a warning to others. Greene had shared messages she sent Trump urging the release of the Epstein Files, alleging that her stance prompted retaliatory pressure from the president. “In the end Trump turns on everyone. And soon the country,” Anthony Scaramucci wrote.
AJ Scaramucci, however, emphasized that political considerations had no influence on Solari Capital’s investment in American Bitcoin, stressing that the decision was driven solely by business factors. “Has my Dad and Don Sr. have they had their fair share of back and forth? Of course they have,” AJ told Fortune. “But Bitcoin transcends politics,” he added.
Furthermore, AJ Scaramucci reportedly secured the investment through a long-standing personal relationship, after American Bitcoin president Matt Prusak, a former business-school classmate, informed him that the mining operation would be separated from Hut 8.
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According to the report, AJ then advocated for Solari Capital to lead the financing round, expressing confidence that the company could rival publicly listed Bitcoin accumulation firms, including those marketing their shares as stand-ins for direct Bitcoin ownership.
Read More
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MICHAELA
Michaela is a news writer focused on cryptocurrency and blockchain topics. She prioritizes rigorous research and accuracy to uncover interesting angles and ensure engaging reporting. A lifelong book lover, she applies her passion for reading to deeply explore the constantly evolving crypto world.
