Anthony Scaramucci, known for his brief tenure as the White House communications director during President Donald Trump’s first administration, has taken a complex journey from ally to critic of the former president. Despite their turbulent relationship, Scaramucci and his son, AJ, have aligned themselves with American Bitcoin—a Bitcoin mining company co-founded by Donald Trump Jr. and backed by Eric Trump.
In a notable investment move, Solari Capital, a firm established by AJ Scaramucci, led a significant funding round of $220 million in American Bitcoin in July. While American Bitcoin plans to go public through a reverse merger initiated in September, it has yet to disclose the identities of its investors. AJ Scaramucci revealed that Solari Capital injected over $100 million into the venture, though he refrained from providing precise figures. Anthony Scaramucci also contributed a smaller amount, echoing their commitment to the company.
The investor pool for this funding round also included well-known figures such as Tony Robbins, Charles Hoskinson, Grant Cardone, and Peter Diamandis, underscoring the high-profile backing for American Bitcoin. AJ remarked on the dynamics between his father and Donald Trump, acknowledging their past conflicts while emphasizing the unifying power of Bitcoin, stating, “Bitcoin transcends politics.”
Anthony Scaramucci gained significant attention in 2017 when President Trump appointed him to spearhead the White House’s communications strategy. However, his stint ended abruptly after just ten days amid a scandal involving inappropriate comments about other staff members. In the years following his exit, Scaramucci has been vocally critical of Trump and has supported Democratic candidates in recent elections. Despite these political divides, he remains a staunch advocate for cryptocurrency; he recently highlighted how Bitcoin serves as a bridge beyond traditional political affiliations, saying, “There may be a blue and a red team, but there’s also an orange team, and that’s Bitcoin.”
AJ Scaramucci played a crucial role in facilitating Solari Capital’s investment in American Bitcoin. His close friendship with Matt Prusak, the current president of the company, dates back to their days at Stanford University’s business school. When Prusak shared the news about the spin-off from Hut 8, another prominent Bitcoin miner, AJ seized the opportunity, convinced of its potential in a crowded market filled with competitors like Michael Saylor’s strategy of acquiring Bitcoin and offering public shares.
American Bitcoin distinguishes itself by generating its cryptocurrency through mining—solving intricate mathematical puzzles to earn Bitcoin—while also actively purchasing more on the market. Asher Genoot, chairman of American Bitcoin, praised the Scaramuccis for their belief in the company’s mission, stating, “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.’”
This strategic investment and the connections among influential figures in the cryptocurrency space could signal a significant shift in the landscape for Bitcoin and its public presence.
