Cardano founder Charles Hoskinson and Scaramucci’s firm invest in Trump-linked American Bitcoin in a $220M round
Summary
American Bitcoin, a Bitcoin mining and accumulation company co-owned by Eric Trump and Donald Trump Jr., successfully raised $220 million in a pre-IPO funding round led by Solari Capital in July. Solari Capital, founded by AJ Scaramucci (son of Anthony Scaramucci), invested over $100 million, with Anthony Scaramucci also taking a small personal stake. The round also attracted investments from Cardano founder Charles Hoskinson, Grant Cardone, and Peter Diamandis. This investment occurred despite Anthony Scaramucci's public break and subsequent criticism of Donald Trump, signaling growing institutional confidence in Bitcoin mining infrastructure and the asset's long-term value, which investors believe transcends political affiliations.
(Source:Crypto Briefing)