Scaramucci-tied Solari Capital led a funding round that contributed more than $100 million to American Bitcoin, the mining and accumulation company co-founded by Eric and Donald Trump Jr., the outlets report.
Key Takeaways:
- Solari Capital led a $220 million July funding round for American Bitcoin and contributed “over $100 million,” according to AJ Scaramucci; Anthony Scaramucci also participated with a smaller personal stake.
- Other high-profile backers reportedly included Tony Robbins, Charles Hoskinson, Grant Cardone and Peter Diamandis; American Bitcoin holds roughly 4,004 BTC on its balance sheet.
- The announcement arrives amid a softer market for cryptocurrencies though institutional flows into Bitcoin mining and accumulation vehicles continue to attract capital.
Earlier today, November 16, Cointelegraph reported that Solari Capital, founded by AJ Scaramucci, led a $220 million pre-IPO funding round for American Bitcoin in July, and that Solari contributed “over $100 million” to the round. Anthony Scaramucci also made a smaller personal investment. The backing had not been publicly disclosed by the miner until recent reporting. The story cites a Fortune investigation for many of the funding details.
High-Profile Investors Flock to American Bitcoin
According to the reporting, the round included a mix of institutional and individual investors. Besides the Scaramuccis, names listed include investor and author Tony Robbins, Cardano founder Charles Hoskinson, real-estate entrepreneur Grant Cardone and Peter Diamandis. American Bitcoin, which mines and accumulates BTC and made its public debut via a reverse merger in September, is now listed among public firms holding meaningful Bitcoin treasuries.
Market Update: Bitcoin Price Shows Modest Pullback
As of this writing (12:30PM UTC), Bitcoin (BTC) is trading at approximately $95,617.47, showing a modest price decline of 0.1% over the past 24 hours, per CoinGecko’s real-time data. From the same aggregator, it is being revealed that the token reached intraday highs around $96,527 and intraday lows near $94,971, suggesting that there is currently no significant volatility occurring.
That price sits well below October’s peak but still reflects a materially higher level compared with earlier months. On the technical perspective, TradingView’s oscillator commentary places the Relative Strength Index (RSI) nearer to the mid-to-lower band (mid-30s), suggesting neither an overbought nor decisively oversold condition but an environment of cooling momentum. Traders interpreting the data see the move as consistent with a short-term pullback after October’s run.
Institutional Capital Meets Political Spotlight
The story draws attention because it connects high-profile political families with deep institutional capital flows into the crypto industry. Anthony Scaramucci has a long history in alternative asset investing and previously held public positions in crypto circles; his family’s participation in American Bitcoin underscores how capital is flowing into Bitcoin mining and accumulation plays regardless of political affiliations. American Bitcoin’s public holding of roughly 4,004 BTC positions the company as both an operator and a sizable treasury holder, which is a dual-profile appealing to investors seeking exposure to BTC via equity-like instruments.
What’s Next?
The Scaramucci investment is expected to draw continued attention to American Bitcoin’s public disclosures, treasury decisions and on-chain activity. Analysts will be watching for updates on its BTC holdings, potential new funding rounds and how broader macro and ETF flows shape demand for cryptocurrencies. With institutional interest in Bitcoin mining still active, the company’s next moves could signal how aggressively miners plan to scale heading into 2026.
Summary
Solari Capital led a $220M pre-IPO round for American Bitcoin, contributing over $100M and attracting notable backers, highlighting ongoing institutional interest in BTC mining despite softer crypto market conditions.
