Scaramucci Leads $100M in Trump-Linked Bitcoin Miner
Solari Capital, led by AJ Scaramucci, invested $100M in American Bitcoin, a Trump-linked Bitcoin miner. The contribution anchored a $220M July funding round ahead of American Bitcoin’s September reverse merger listing. Other backers included Tony Robbins, Cardano founder Charles Hoskinson, Grant Cardone, entrepreneur Peter Diamandis and AJ’s father, Anthony Scaramucci.
American Bitcoin now holds 4,004 BTC (~$384 M) on its balance sheet and continues to buy on the open market. Scaramucci says politics played no role, with the deal brokered by Stanford classmate and American Bitcoin president Matt Prusak. Separately, Eric Trump praised crypto volatility as key to high returns during recent market dips. This move underscores growing institutional interest in Trump-linked Bitcoin miner projects and bolsters American Bitcoin’s market position.
Bullish
A $100M institutional investment led by Solari Capital into a Trump-linked Bitcoin miner signals strong confidence in the mining sector and creates immediate buying pressure for BTC through American Bitcoin’s open-market accumulation. In the short term, this deal can boost trader sentiment and drive Bitcoin prices higher as markets react to growing institutional demand. Over the long term, sustained on-chain purchases by a publicly listed miner reinforce network security and highlight Bitcoin’s appeal as an institutional asset, supporting steady price appreciation and encouraging further investment in mining operations.