SkyBridge founders, father and son, lead the $220 million financing supported by the Trump family for American Bitcoin.

GateNews
BTC-0,41%

ChainCatcher news, Anthony Scaramucci briefly served as White House Communications Director in President Trump's first administration but soon became a public critic of the president. However, this did not stop the SkyBridge Capital founder and his son AJ Scaramucci from supporting American Bitcoin—a Bitcoin mining company co-founded by Trump’s second son Eric Trump, with Trump’s eldest son Donald Jr. also involved in the investment. The Scaramucci father and son stated in an interview that AJ’s investment firm Solari Capital led a $220 million round of funding for the Trump family company in July. American Bitcoin completed this funding before going public through a reverse merger in September this year, but it has never publicly disclosed the list of investors. AJ mentioned that Solari Capital invested over $100 million in the company but declined to provide specific figures. Anthony himself also invested a small amount, which was similarly undisclosed.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Canaan Creative Reports 89 BTC Mining Output in March, Holdings Reach 1,808 BTC

Canaan Creative reported producing 89 BTC in March 2023, with total holdings of 1,808 BTC and 3,952 ETH. The company increased its global mining capacity by over 10 megawatts, reaching a total of 266.3 megawatts.

GateNews4m ago

Strive Raises SATA Dividend to 13%, Adds 27 Bitcoin to Bring Total Holdings to 13,768 BTC

Strive, a Nasdaq-listed bitcoin treasury company, is raising its Series A Preferred Stock dividend to 13.00%. It also acquired 27 additional bitcoins, totaling 13,768 BTC, ensuring dividend payments can be supported for about 19.6 years.

GateNews1h ago

BlackRock Transfers 15,101 ETH and 566 BTC to Major CEX, Worth $75.96M

BlackRock recently transferred over $35 million in ETH and $41 million in BTC through its ETFs to a major CEX, totaling nearly $76 million in value.

GateNews1h ago

Bitcoin, Ether ETFs See Nearly $1 Billion in Weekly Inflows

Bitcoin and ether ETFs reclaimed positive territory after recent volatility with combined inflows of $973 million. XRP quietly gained ground, while solana slipped into outflows. Key Takeaways Bitcoin ETFs gained $786 million and ether $187 million from April 6–10, led by Blackrock IBIT

Coinpedia1h ago

Bitcoin Rebounds to $74K on U.S.-Iran Framework Deal, But Market Skepticism Remains

Bitcoin's recent rise to mid-$74,000 followed a risk asset rally linked to a U.S.-Iran nuclear framework, but skepticism remains due to flat Treasury yields and unchanged gold prices. The core issue of uranium enrichment persists, and while on-chain data shows BTC's gradual advance, options markets reflect doubts about a sustained breakout. Overall, analysts see the rally as temporary, with macro conditions still tight and potential downside risks.

GateNews2h ago

Bhutan Government Transfers 250 BTC Worth $18.46M

Gate News message, the Royal Government of Bhutan transferred 250 BTC valued at $18.46M. The transaction was conducted for selling purposes.

GateNews2h ago
Comment
0/400
No comments