Scaramucci Family Invests $100M In Trump’s Bitcoin Miner

Solari Capital, led by AJ Scaramucci, has invested over $100 million in American Bitcoin, a cryptocurrency mining company linked to Donald Trump’s sons. The investment was disclosed in a report from Fortune.

The Scaramucci family’s investment, through Solari Capital, was part of a $220 million funding round in July, prior to American Bitcoin’s public listing in September via a reverse merger. American Bitcoin did not previously publicly disclose its investors.

AJ Scaramucci confirmed to Fortune that Solari Capital contributed “over $100 million,” with his father, Anthony Scaramucci, also participating. Other investors include Tony Robbins, Cardano founder Charles Hoskinson, Grant Cardone, and Peter Diamandis.

During a Wednesday interview at The Bridge conference in New York City, Coinbase Asset Management President Anthony Bassili stated that investor consensus remains primarily focused on Bitcoin and Ethereum. He noted that while Solana is considered by some, there is significant uncertainty regarding what will follow, creating a large gap with XRP.

Bassili emphasized the need for a “product market fit” for any network aiming to secure a position beyond the top assets.

Steak ‘n Shake announced its expansion into El Salvador on Saturday. The fast-food chain previously began accepting Bitcoin as a payment method in May.

The company’s announcement on X was amplified by El Salvador’s Bitcoin Office, highlighting the growing adoption of Bitcoin globally. Steak ‘n Shake also showcased its beef tallow fries and cooking oil during its visit.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.