Bitcoin News Today: Winklevoss Twins Invest in Trump-Linked Bitcoin Miner Amid Mining Sector Surge

Cameron and Tyler Winklevoss, the Gemini Exchange co-founders and prominent Bitcoin advocates, have invested in American Bitcoin Corp., a cryptocurrency mining firm linked to Eric Trump and Donald Trump Jr. [1]. The investment, part of an oversubscribed private placement, was confirmed by Hut 8 Corp. CEO Asher Genoot during a call with investors, noting that the Winklevoss twins contributed an undisclosed amount in Bitcoin rather than cash [1].

The company, formed this year through a merger with Gryphon Digital Mining Inc. in an all-stock deal, plans to list on the Nasdaq under the ticker symbol “ABTC.” Gryphon shareholders have begun voting on the proposed merger, with a projected closing by early September [1]. American Bitcoin previously announced plans to acquire $2 billion worth of Bitcoin as part of its treasury strategy, reinforcing its position as both a mining and holding firm [1].

Eric Trump, who serves as the company’s chief strategy officer, holds a 20% stake in the venture, and his potential equity value is estimated to reach up to $367 million if the firm successfully goes public [1]. The Winklevoss twins’ involvement in American Bitcoin marks a continued deepening of the Trump family’s ties to the crypto sector, following prior campaign donations and White House engagements on cryptocurrency policy [1].

The investment aligns with a broader uptick in the Bitcoin mining sector, which saw its best profit-generating month since the April 2024 Bitcoin halving in July [1]. During this period, 10 of 13 tracked miners outperformed Bitcoin’s price appreciation, according to a note from JPMorgan analysts [1]. Bitcoin itself reached a record high of $122,838 in July before retreating slightly, trading at $117,453 as of the latest report, a 2% gain over the past 24 hours [1].

The Winklevoss investment highlights the growing convergence of political influence and digital asset infrastructure in the U.S., with American Bitcoin positioned to become a key player in the domestic mining landscape [1]. Hut 8 has already allocated part of the $220 million raised, with approximately $10 million in new equity being sold for Bitcoin [2].

Source:

[1] Winklevoss Twins Said to Invest in Trump-Linked Crypto Miner

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

[2] Winklevoss Twins Back Trump Brothers' Bitcoin Mining Empire

https://cryptonews.com/news/winklevoss-twins-back-trump-brothers-bitcoin-mining-empire-bloomberg/