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Fortune
Fortune
Ben Weiss

Scaramuccis led $220 million investment in crypto mining firm tied to President’s family—‘Bitcoin transcends politics’

(Credit: Courtesy of American Bitcoin)

Anthony Scaramucci briefly served as the White House’s communications director in President Donald Trump’s first administration, but soon after became a prominent critic of the commander- in-chief. Still, that hasn’t stopped the SkyBridge Capital founder and his son, AJ Scaramucci, from backing American Bitcoin, the Bitcoin miner that counts the President’s sons Eric as a cofounder and Donald Jr. as an investor. Solari Capital, an investment firm founded by AJ Scaramucci, led a July $220 million funding round in the Trump family firm, the Scaramuccis told Fortune. 

American Bitcoin raised the money before it went public via a reverse merger in September, but it never disclosed the investors. Solari Capital put over $100 million into the company, AJ said, declining to name a specific number. Anthony also put in a small check of his own and declined to say how much. Other participants in the round included the life coach Tony Robbins, the Cardano founder Charles Hoskinson, longtime investor Grant Cardone, and the serial founder Peter Diamandis.

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