SkyBridge Capital founder Anthony Scaramucci and his son, AJ Scaramucci, have led a significant investment in American Bitcoin, a cryptocurrency mining firm with ties to President Trump's family. Solari Capital, an investment firm founded by AJ Scaramucci, spearheaded a July funding round that injected over $100 million into the company, with AJ Scaramucci also contributing personally.
The investment was made prior to American Bitcoin's reverse merger in September, a deal which did not disclose its investors. The involvement of the Scaramuccis with a Trump-affiliated company is noteworthy given Anthony Scaramucci's past role in the Trump White House and his subsequent public criticism of the former president, while also supporting Democratic candidates.
Despite this political history, AJ Scaramucci emphasized that "Bitcoin transcends politics," highlighting a shared belief in the cryptocurrency's potential across political divides. Other notable investors in the round include Tony Robbins, Charles Hoskinson, Grant Cardone, and Peter Diamandis.
AJ Scaramucci's connection to American Bitcoin stems from his former Stanford business school roommate and the company's current president, Matt Prusak. Recognizing the company's strategy of generating and holding its own Bitcoin, AJ saw an opportunity to invest.
The chairman of American Bitcoin, Asher Genoot, confirmed that the Scaramuccis' belief in the company's mission prompted their willingness to invest despite any personal or political differences.
