The Scaramucci family invested $100 million in Trump's son Bitcoin mining company American Bitcoin, turning political rivals into combatants?

The latest disclosure in November 2025 shows that Anthony Scaramucci and his son AJ have invested over 100 million USD in American Bitcoin through Solari Capital. This mining company, co-founded by Trump's son Eric Trump and Donald Trump Jr., has established reserves of 4,004 Bitcoins, valued at approximately 415 million USD.

Despite Scaramucci's long-standing political differences with the Trump family, Bitcoin has become a bridge connecting former opponents. This investment comes at a time when the Bitcoin mining industry is facing a profitability crisis, with hash power prices falling to $42/PH/s, and large mining companies are collectively turning to AI infrastructure in search of a breakthrough.

Bitcoin Alliance Between Political Divides

Anthony Scaramucci resigned as White House Communications Director just 11 days after taking office in 2017 due to his fiery comments. He subsequently became a vocal critic of Trump and supported Biden and Harris in the 2020 and 2024 elections, respectively. However, Trump's embrace of cryptocurrency during the 2024 campaign created an unexpected consensus base. “There may be a blue team and a red team, but there is also an orange team, and that is Bitcoin,” Scaramucci told Fortune magazine, cleverly referencing Bitcoin's signature color.

The key to facilitating this investment lies in the close personal friendship between AJ Scaramucci and Matt Prusak, the president of the American Bitcoin company, as they were classmates at Stanford Business School. The younger generation Scaramucci values the company's dual-track strategy—both acquiring Bitcoin through mining and directly increasing holdings in the open market—believing that this model can stand out in the saturated competition of publicly listed Bitcoin reserve companies. Asher Gnut, chairman of the American Bitcoin company, emphasized: “The Scaramucci family truly believes in the company's development direction, and they are willing to set aside personal differences to focus on business value.”

Key Investment Trading Data

Investment amount: $100 million (leading a $220 million financing round)

Investment entity: Solari Capital (founded by AJ Scalramucci)

Other investors: Tony Robbins, Charles Hoskinson, Grant Cardone, Peter Diamandis

Bitcoin reserves: 4,004 coins (worth $415 million)

Recent Accumulation: From October 24 to November 5, an additional 139 Bitcoins were added.

Industry ranking: 25th largest Bitcoin holder

Listing method: Completed through reverse merger in September 2025.

The Evolution of Bitcoin Mining Companies' Treasury Strategies

The asset accumulation strategy of American Bitcoin companies is in line with MicroStrategy (now renamed Strategy), which holds 641,000 Bitcoins valued at approximately $66 billion, firmly ranking first in the global corporate holdings list. This “mining + hoarding coin” dual-engine model is reshaping the competitive landscape of the mining industry: companies not only need to optimize hash power efficiency but also establish professional treasury management capabilities. Data shows that American Bitcoin companies continuously increased their holdings in the third quarter at an average price of $98,500, with their reserve Bitcoins accounting for 35% of the company's market value. This aggressive strategy can significantly amplify shareholder returns in a bull market.

The Trump family's cryptocurrency layout goes far beyond mining operations. The Memecoins issued, such as TRUMP and MELANIA, generated approximately $4.27 billion in pre-tax revenue over the past year, while the WLFI token contributed $5.5 billion in revenue, and the USD1 stablecoin has attracted $2.71 billion in reserves, all backed 1:1 by U.S. Treasury bonds. This diversified ecosystem reflects the political family's comprehensive planning for the crypto economy, and the investment from the Scaramucci family is a professional recognition of this business model.

Bitcoin Mining Industry Faces Profit Crisis

At the time of investment landing, Bitcoin mining is facing the most severe operating environment in recent years. The network's hash rate price plummeted from $62/PH/s in July to the current $42/PH/s, approaching the industry average breakeven line of $35-38/PH/s, which may force small and medium miners offline. The Bitcoin halving in April reduced the block reward from 6.25 coins to 3.125 coins, while the network's hash rate broke the 1 ZH/s mark for the first time in history, creating a dual squeeze effect.

Industry giants are seeking a way out by turning to artificial intelligence infrastructure. Cipher Mining signed a $5.5 billion partnership agreement with Amazon Web Services in October, IREN secured a $9.7 billion order from Microsoft in November, and Bitfarms announced the most aggressive transformation — after reporting a $46 million loss for the third quarter, it decided to gradually shut down its Bitcoin mining operations between 2026 and 2027, transforming its facilities in Washington State into an AI computing center supporting Nvidia's new generation GB300 GPUs, with $128 million in binding financing support already secured.

Institutional Investment Logic and Risk Considerations

The investment decisions of the Scalramucci family are based on multiple factors assessment. From a valuation perspective, the price-to-sales (PS) ratio of American Bitcoin companies is 8.3 times, lower than Marathon Digital's 11.5 times and Riot Platforms' 9.8 times, providing a relatively safe margin. From a technical layout perspective, the company prioritizes deploying mining farms in areas with low energy costs such as Texas and Wyoming, with an average electricity cost controlled at 3.2 cents/kWh, about 15% lower than the industry average.

However, the risks cannot be ignored: On the regulatory front, the U.S. Securities and Exchange Commission is strengthening energy disclosure requirements for mining companies; on the operational front, frequent extreme weather events have led to decreased stability of the Texas power grid; on the market front, if Bitcoin prices remain below $85,000, most mining companies will face negative cash flow pressure. Professional investors suggest that when allocating mining company stocks, attention should be paid to their power contract structure, hedging strategies, and liquidity management capabilities, avoiding a mere bet on the rise of Bitcoin prices.

The Trend of Integration Between Politics and Cryptocurrency

The reconciliation between the Trump family and the Scaramucci family is not an isolated case. Since 2025, more than 12 political figures who have publicly criticized cryptocurrencies have changed their stance, with the shift in support directly related to the younger demographic of voters. Data from the Pew Research Center shows that the proportion of cryptocurrency holders among voters aged 18-35 jumped from 28% in 2023 to 43% in 2025, forcing political figures to reevaluate their positions on digital assets.

At the policy level, the Republican-led “crypto-friendly states” alliance continues to expand, with Wyoming, Texas, and Florida having passed specific legislation to provide tax incentives and regulatory clarity for mining companies. On the Democratic side, California and New York are also gradually adjusting their positions, considering incorporating blockchain infrastructure into green energy transition plans. This bipartisan consensus paves the way for federal legislation after the 2026 midterm elections, potentially establishing a unified regulatory framework for digital assets.

Bitcoin Mining Technology Evolution Path

From a technological development perspective, Bitcoin mining is undergoing its third industrial upgrade. The first generation of mining machines was based on 28nm technology (such as Antminer S9), the second generation adopted 7nm technology (such as Antminer S19), while the current latest mining machines have entered the 3nm era (such as Bitmain S21), with energy efficiency improving from the earliest 100J/TH to the current 12J/TH. The next generation of mining machines is expected to debut in 2026, utilizing silicon photonics and liquid cooling technology, aiming to reduce the energy efficiency ratio to below 8J/TH.

The application of clean energy has become a new competitive dimension. According to data from the Bitcoin Mining Council, the proportion of sustainable energy in global Bitcoin mining is expected to reach 68.2% by the third quarter of 2025, an increase of 12.5 percentage points compared to the same period in 2024. American Bitcoin companies stand out in this regard, with 78% of their computing power coming from wind, nuclear, and hydropower, and this green attribute is becoming an important plus for attracting institutional investors.

Investment Strategies and Market Outlook

For secondary market investors, the Bitcoin mining sector provides a leveraged tool to participate in Bitcoin market trends, but careful selection is required. It is recommended to focus on four key indicators: hash rate growth plans, electricity cost structure, liquidity reserves, and debt management levels. In the current environment, prioritize companies that have long-term fixed electricity price contracts, maintain sufficient cash buffers (covering at least 6 months of operating costs), and have a debt-to-equity ratio of less than 30%.

From a market cycle perspective, mining stocks typically perform best when Bitcoin breaks past its previous high, while experiencing larger declines during correction phases compared to Bitcoin itself. Technical analysis shows that the North American listed mining company index (BITM) exhibits high volatility in the $94,000-$110,000 Bitcoin price range, and may initiate a new round of increases after breaking $110,000. Investors may consider adopting a dollar-cost averaging strategy to smooth out costs, and keep the allocation ratio within 5%-10% of their equity investment portfolio.

Industry Outlook

When political adversaries sit back at the negotiating table because of Bitcoin, and traditional mining companies search for a second growth curve in the wave of AI, we are witnessing not only the flow of capital but also the reshaping of industry forms. The business collaboration between Scalramucci and the Trump family proves that Bitcoin is becoming a means of value storage that transcends ideology, while the transformation of the mining industry reflects the deep integration of the cryptocurrency market with the traditional tech industry. In an era where computing power becomes the new oil, those companies that can navigate the fluctuations of the energy market and flexibly adjust their business models may be the ultimate winners of this transformation.