Bitcoin News Today: Winklevoss Twins Invest in Trump-Linked Bitcoin Miner as Firm Preps IPO

The Winklevoss twins, Cameron and Tyler, have reportedly invested in American Bitcoin Corp., a cryptocurrency mining company co-founded by Donald Trump Jr., Eric Trump, and other partners [1]. The investment, made in Bitcoin, was part of a private placement round that raised approximately $220 million in cash and Bitcoin [2]. This marks a significant step in the ongoing collaboration between the Winklevoss siblings and the Trump family, a relationship that has already included a $2 million campaign donation to Donald Trump’s 2024 presidential campaign, attendance at White House crypto summits, and public support for Trump-era crypto legislation such as the GENIUS Act [3].

American Bitcoin Corp. emerged as a spinoff of Hut 8, a publicly traded mining firm, and is now seeking a public listing via a merger with Gryphon Digital Mining, a Nasdaq-listed entity [1]. The deal is expected to close in early September. Eric Trump’s stake in the company is estimated to be worth $367 million following the IPO [2]. The Winklevoss investment brings added credibility to the firm at a critical juncture in its development and public market ambitions.

The Winklevoss twins, known for co-founding Gemini and their early advocacy for Bitcoin, have continued to expand their influence in the crypto space. Their latest move underscores their alignment with high-profile political figures while also demonstrating confidence in the long-term potential of Bitcoin mining [4]. The investment also highlights the growing intersection of cryptocurrency and political networks, particularly within prominent American families.

This strategic partnership could influence the broader perception of Bitcoin mining as a legitimate asset class. With support from both financial and political power, American Bitcoin Corp. may attract more institutional and individual investors. The Winklevosses’ involvement could also affect public perception of the firm, potentially increasing media and market attention [5].

American Bitcoin Corp.’s IPO reflects the evolving nature of the crypto-mining sector, which has experienced volatility but is now attracting greater institutional interest. The firm’s co-founders have positioned themselves at the intersection of technology, politics, and finance. The Winklevoss investment may serve as a catalyst for further growth and visibility as the company prepares to enter the public market [1].

Source:

[1] https://www.bloomberg.com/news/articles/2025-08-07/winklevoss-twins-said-to-invest-in-trump-linked-crypto-miner

[2] https://www.panewslab.com/en/articles/019d35a0-bade-4ecb-a2f8-0802be9fbba9

[3] https://finance.yahoo.com/news/bitcoin-billionaire-winklevoss-bros-back-221100745.html

[4] https://coindoo.com/winklevoss-twins-invest-in-trump-family-linked-bitcoin-mining-firm/

[5] https://www.tradingview.com/news/cointelegraph:0b2c90a51094b:0-winklevoss-twins-deepen-ties-to-trump-family-with-bitcoin-mining-investment-report/