AJ Scaramucci Leads Landmark $100M+ Funding Round for American Bitcoin

The cryptocurrency mining sector witnessed significant capital movement as the Scaramucci family deployed more than $100 million into American Bitcoin during its most recent financing phase. Spearheading this investment initiative, AJ Scaramucci’s Solari Capital served as the primary institutional vehicle for the capital infusion. This funding round complemented American Bitcoin’s broader $220 million capital raise completed in July, establishing the company as a major player in industrial Bitcoin mining operations. The investment strategy culminated in September when American Bitcoin executed a reverse merger, enabling its shares to commence trading on the Nasdaq exchange.

The Investor Alliance: Understanding American Bitcoin’s Backer Ecosystem

American Bitcoin’s funding phase attracted a constellation of prominent figures from both the crypto and mainstream investment spheres. According to reporting from Fortune, the investor syndicate included notable names such as Tony Robbins, the internationally recognized business coach and investor, alongside Charles Hoskinson, founder of the Cardano blockchain protocol. Additional backers encompassed Grant Cardone and Peter Diamandis, each bringing substantial capital and credibility to the initiative.

AJ Scaramucci characterized the investment thesis as fundamentally business-driven, emphasizing that the decision centered on American Bitcoin’s operational framework rather than extraneous considerations. He articulated a perspective that Bitcoin functions as a market mechanism transcending conventional ideological divisions. The financing opportunity materialized through existing professional networks—AJ Scaramucci and Matt Prusak, now serving as American Bitcoin’s president, had previously been roommates during their time at Stanford’s Graduate School of Business. Prusak subsequently informed Scaramucci of plans to separate American Bitcoin from its parent entity, Hut 8, creating an independent operating structure.

Corporate Structure and Mining Infrastructure Expansion

American Bitcoin emerged as a joint venture involving Eric Trump, Donald Trump Jr., and Hut 8 Mining, with the latter contributing its Bitcoin mining hardware operations to the newly formed entity. In exchange for this equipment transfer, Hut 8 Mining retained an 80% equity stake, while the Trump family principals maintained the remaining 20% ownership position. This structural arrangement granted the operation substantial scale within the competitive mining landscape.

The company’s mining infrastructure spans multiple geographic locations. Operational facilities in Canada’s Niagara Falls region process mining activity, complemented by additional data centers operating across Texas jurisdictions. Collectively, these installations operate tens of thousands of mining rigs, creating one of the industry’s larger consolidated computing operations. Eric Trump has publicly described American Bitcoin as a “proxy play” for Bitcoin appreciation—essentially functioning as a corporate investment vehicle that allows shareholders to gain exposure to Bitcoin’s performance trajectory without requiring individual cryptocurrency acquisition.

Bitcoin Treasury and Market Performance Dynamics

Beyond operational mining, the Trump family’s publicly traded media company announced plans to raise $2.5 billion specifically earmarked for establishing a corporate Bitcoin treasury. This capital allocation strategy represents part of a broader institutional pivot toward digital asset accumulation as a store of value. The company simultaneously engages in open market Bitcoin purchasing, with current holdings reaching 4,004 BTC—representing approximately $383.86 million in value based on historical pricing data.

Recent market volatility has tested Bitcoin holdings, with prices experiencing periodic pullbacks. At one point, Bitcoin dipped below $95,000, representing a decline of approximately 25% from its early-October peak. Current market pricing stands at $67.82K as of late February 2026. Despite these fluctuations, Eric Trump maintained that such volatility represents normal market behavior within the cryptocurrency sector rather than a cause for concern. The company’s long-term positioning suggests confidence in Bitcoin’s continued relevance as both an operational mining asset and a strategic treasury component within an increasingly digital financial ecosystem.