Bitcoin News Today: Winklevoss Twins Invest in Trump-Linked Bitcoin Miner Ahead of Nasdaq Debut

Cameron and Tyler Winklevoss, co-founders of cryptocurrency exchange Gemini, have reportedly invested in American Bitcoin, a mining company linked to the Trump family. According to a report, the investment is part of a private placement round that raised approximately $220 million in cash and bitcoin, with the funding described as "oversubscribed" by Asher Genoot, CEO of Hut 8, the parent company from which American Bitcoin was spun off [2]. The exact amount of the Winklevoss investment remains undisclosed, but their financial and political support for the Trump family has been longstanding [2].

American Bitcoin, co-founded by Donald Trump Jr. and Eric Trump, is preparing for a public listing through a merger with Gryphon Digital Mining. The combined entity is expected to debut on the Nasdaq in early September 2025, pending shareholder approval [2]. Eric Trump currently serves as chief strategy officer and holds a potential stake valued at up to $367 million upon listing [2].

The Winklevoss twins’ investment comes amid a broader deepening of ties with the Trump family, which includes a $2 million contribution to Trump’s 2024 campaign, attendance at inauguration events, and participation in a March White House crypto summit [3]. Additionally, the brothers were present at a July 18 ceremony for the GENIUS Act, a regulatory proposal for payment stablecoins, during which the president personally acknowledged their contributions [3].

Meanwhile, Gemini is also preparing for a public listing. In June 2025, the firm filed a draft registration statement with the U.S. Securities and Exchange Commission, signaling its intent to access public capital amid growing interest in digital assets [2]. The SEC, led by Trump appointee Paul Atkins, had previously dropped an investigation into Gemini in February 2025 over unregistered securities allegations related to its Earn program [3].

This latest development underscores the increasing intersection of political influence and cryptocurrency ventures in the U.S. As American Bitcoin moves toward its Nasdaq listing, the company’s ownership remains heavily concentrated, with Hut 8 and the Trump family collectively holding around 98% of the firm [2]. The Winklevoss twins’ involvement further highlights how high-profile figures are shaping the trajectory of digital assets in the financial landscape.

Source: [1] Winklevoss Twins Said to Invest in Trump-Linked Crypto Miner (https://www.bloomberg.com/asia)

[2] Winklevoss Twins Invest In Trump's Mining Firm Ahead Of ... (https://financefeeds.com/winklevoss-twins-invest-in-trumps-mining-firm-ahead-of-nasdaq-debut/)

[3] Winklevoss twins deepen ties to Trump family with Bitcoin mining investment: Report (https://cointelegraph.com/news/winklevoss-invest-trump-family-bitcoin-mining)