Former White House Communications Director Anthony Scaramucci and his son, AJ Scaramucci, have made a significant investment in a Bitcoin venture co-founded by Eric Trump, with substantial backing from Donald Trump Jr. The investment comes as part of a $220 million funding round that occurred in July for American Bitcoin, a Bitcoin mining company.
AJ Scaramucci’s firm, Solari Capital, led this funding round, contributing over $100 million. Notably, Anthony Scaramucci also made a personal investment, although the amount remains undisclosed. The timing of their investment is particularly relevant, as it happened prior to American Bitcoin’s transition to a public entity via a reverse merger in September.
Other prominent investors participating in this funding included life coach Tony Robbins, Cardano founder Charles Hoskinson, real estate investor Grant Cardone, and entrepreneur Peter Diamandis, highlighting the venture’s appeal across various sectors.
Despite Anthony Scaramucci’s previous criticisms of former President Trump and his support for the Democratic party, both he and his son have expressed confidence in American Bitcoin’s potential. AJ Scaramucci emphasized that “Bitcoin transcends politics,” indicating their belief in the cryptocurrency’s future despite any political affiliations or differences with the Trump family.
This investment reflects the Scaramuccis’ ongoing advocacy for cryptocurrency and their long-term belief in Bitcoin’s viability as a financial asset, marking a noteworthy instance of political figures setting aside their differences for financial collaboration.
