The Scaramucci family has quietly become one of the largest backers of American Bitcoin, the mining and accumulation firm tied to President Donald Trump’s sons. According to reporting from Fortune, Solari Capital — the investment firm founded by AJ Scaramucci — led the company’s $220 million funding round in July, contributing “over $100 million.” The round closed months before American Bitcoin went public through a reverse merger in September. The miner did not previously disclose its backers, making this the first confirmation of who financed the increasingly high-profile firm.
The investment represents a rare moment where deep-pocketed Wall Street money intersects with the Trump family’s growing crypto footprint — and where political rivalries take a back seat to Bitcoin exposure. AJ Scaramucci said politics had nothing to do with the deal. His father, Anthony Scaramucci, who has clashed publicly with Donald Trump for years, also invested a smaller personal amount.
American Bitcoin ranks as the 25th-largest public Bitcoin holder, with 4,004 BTC on its balance sheet, worth roughly $383.86 million. The firm mines and accumulates BTC, while also buying bitcoin outright on the open market — aligning it with companies positioning themselves as “public BTC accumulation stocks.”
Investor Takeaway
Large capital flows into accumulation-focused miners signal continued appetite for BTC exposure through equities — especially during market drawdowns where miners with strong treasuries often outperform.
How Personal Ties and Bitcoin Accumulation Strategies Drove the Deal
The Scaramucci-Trump relationship is complicated. Anthony Scaramucci served briefly as Trump’s White House communications director in 2017 before being fired within days. He later became one of Trump’s most outspoken critics, endorsing Biden and Harris in the 2020 and 2024 elections. But AJ Scaramucci says none of that mattered inside the deal room.
“Has my Dad and Don Sr. have they had their fair share of back and forth? Of course they have,” he told Fortune. “But Bitcoin transcends politics.” Anthony reportedly referred to Bitcoin as the “orange team,” arguing it sits above partisan divides. The real driver appears to be personal and strategic.
AJ was roommates with Matt Prusak — now president of American Bitcoin — while they attended Stanford’s business school. When Prusak told him the miner would be spun out from Hut 8, AJ pushed for Solari to lead the round. He believes American Bitcoin can compete with publicly traded firms that sell themselves as indirect Bitcoin exposure for equity investors. That’s a growing category of stocks, especially as investors look for ways to gain BTC upside without custody, settlement or ETF fee friction.
Why This Matters for Bitcoin Miners and Accumulation Stocks
The timing of the Scaramucci investment is notable. It came during a volatile patch for crypto markets and shortly before Bitcoin ETFs suffered one of their worst outflow days on record, with $866 million exiting spot products. Even so, appetite for miners with aggressive accumulation strategies remains strong.
Investors continue to view these companies as leveraged plays on Bitcoin cycles — a dynamic that has historically boosted miner share prices during bull phases. American Bitcoin fits squarely into this model:
- •It mines BTC.
- •It buys BTC.
- •It holds BTC on its balance sheet.
With 4,004 BTC already in treasury and more accumulation planned, the firm’s equity narrative resembles that of public vehicles like MicroStrategy (MSTR) and other miner-accumulators, though on a smaller scale. The infusion of over $100 million from Solari Capital gives the miner additional purchasing power and runway at a moment when hash competition is intensifying and capital markets remain cautious.
Investor Takeaway
Accumulation miners with deep-pocketed backers can buy dips aggressively, often outperforming traditional miners during high-volatility phases. Watch treasury growth, not just hash rate.
Bitcoin’s Pullback Isn’t Scaring Off Trump’s Inner Circle
The investment surfaces at a moment of market weakness. Bitcoin briefly dipped below $95,000 this week — roughly 25% off its early-October peak — yet members of the Trump family remain publicly unfazed. In an interview with The Wall Street Journal, Eric Trump dismissed volatility concerns, saying the downturn is “no cause for concern” and describing price swings as part of the necessary trade-off for high returns.
That messaging aligns with American Bitcoin’s corporate posture: accumulate during downturns, scale during stress and hold BTC as a long-term balance-sheet asset. For investors, the combination of political influence, institutional-scale mining and heavy treasury accumulation adds a new dimension to this cycle. American Bitcoin is not just another miner — it is a miner with direct ties to the White House, well-funded backers, and a mandate to stack BTC aggressively.
Whether this becomes an advantage or a source of future scrutiny will depend on how the regulatory landscape evolves during Trump’s administration. But for now, capital is flowing in — and the Scaramucci family has placed one of the biggest bets.