Bitcoin News Today: Bitcoin Transcends Politics as Scaramuccis and Trumps Invest $220M Despite Rift

Anthony Scaramucci and his son AJ Scaramucci have invested in a Bitcoin mining venture co-founded by Eric Trump and backed by Donald Trump Jr., despite their well-documented political differences. The investment, led by Solari Capital-a firm founded by AJ Scaramucci-amounts to $220 million, with the Scaramucci family contributing over $100 million. The funding round, announced in July 2025, also drew participation from prominent figures such as Cardano founder Charles Hoskinson, investor Grant Cardone, and life coach Tony Robbins according to a report.

The investment underscores a rare convergence of financial ambition and political pragmatism. Anthony Scaramucci, who briefly served as Trump's White House communications director in 2017 before becoming a vocal critic of the , has long championed Bitcoin as a transformative asset. "Bitcoin transcends politics," AJ Scaramucci told Fortune, emphasizing that the decision was rooted in the cryptocurrency's economic potential rather than partisan alignment according to a statement. The Scaramuccis' firm, Solari Capital, has positioned American Bitcoin as a strategic play on the digital asset's future, leveraging its mining operations and treasury holdings to generate returns for investors according to financial analysis.

American Bitcoin, which went public in September 2025 via a reverse merger, operates mining facilities in Texas and Niagara Falls, Canada. The company, co-founded by Eric Trump and Donald Trump Jr., holds over 4,000 Bitcoin in its treasury, valued at approximately $415 million as of mid-November. The Trump family's involvement in the venture mirrors broader institutional interest in Bitcoin, with the company's business model resembling MicroStrategy's approach, prioritizing Bitcoin accumulation and stock market exposure.

The deal's political undercurrents are striking. Anthony Scaramucci has been a consistent critic of Trump, endorsing Joe Biden and Kamala Harris in recent elections. Yet the Scaramuccis' investment aligns with Trump's recent embrace of crypto-friendly policies, including regulatory reforms and tariff initiatives aimed at boosting domestic mining infrastructure. Meanwhile, the Trump family's public stance on Bitcoin has evolved from skepticism to active participation, with Eric Trump touting the asset as a "proxy play" for institutional investors.

Industry analysts view the partnership as a sign of crypto's growing non-partisan appeal. According to Asher Genoot, American Bitcoin's chairman, "The Scaramuccis really believe in what American Bitcoin is doing," highlighting the firm's focus on Bitcoin's utility as a hedge against inflation and geopolitical uncertainty. The investment also reflects broader trends in institutional adoption, with major funds increasingly allocating capital to Bitcoin mining and treasury strategies.

Despite recent volatility, including Bitcoin's dip below $95,000 in late 2025, American Bitcoin's backers remain optimistic. Eric Trump has framed the downturn as a temporary correction, arguing that Bitcoin's long-term value is underpinned by its scarcity and global adoption. Standard Chartered analysts have projected a recovery, forecasting a potential surge to $200,000 by year-end.

The Scaramucci-Trump investment highlights the intersection of personal conviction and financial opportunity in the crypto space. While political tensions persist, the venture exemplifies how Bitcoin's promise as a store of value and medium of exchange continues to attract capital across ideological lines. As American Bitcoin expands its mining operations and treasury, the outcome of this collaboration could offer insights into the broader maturation of the cryptocurrency market.