Winklevoss Twins Back Trump-Linked Bitcoin Mining $220M BTC
The Winklevoss Twins have invested $220 million in BTC into American Bitcoin Corp, a Trump-linked Bitcoin mining venture co-owned with Hut 8 and American Data Centers. The joint venture began operations in March with an 80/20 ownership split and is focused on Bitcoin mining and holding.
American Bitcoin Corp plans to go public via an all-stock merger with Nasdaq-listed Gryphon Digital Mining (ticker ABTC). Shareholders will vote on the deal in early September. The combined company aims to scale mining operations and build a long-term Bitcoin reserve from its own production.
The oversubscribed private placement, paid entirely in Bitcoin through Gemini, underscores growing institutional confidence and political support for Bitcoin mining. This high-profile partnership deepens ties between the Winklevoss Twins, the Trump family, and key regulators, reinforcing bullish sentiment for Bitcoin.
Bullish
This partnership drives both short-term and long-term bullish pressure on Bitcoin. In the near term, the $220 million BTC placement and the oversubscription signal strong demand and liquidity entering Bitcoin. Longer term, scaling mining operations and holding a substantial Bitcoin reserve reduce selling pressure and support price floors. The deal’s high-profile political ties and planned Nasdaq listing under ABTC enhance institutional legitimacy, drawing further investment into the crypto market and reinforcing positive trader sentiment.