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

Cameron and Tyler Winklevoss, co-founders of cryptocurrency exchange Gemini, have reportedly deepened their connection with the Trump family through an investment in American Bitcoin, a mining firm co-founded by Donald Trump Jr. and Eric Trump. According to a report citing Hut 8 CEO Asher Genoot, the Winklevoss twins participated in a private placement round for the company, which was described as “oversubscribed.” The amount of their investment remains undisclosed[1].

American Bitcoin, which was spun off from Hut 8, is currently in the process of merging with Gryphon Digital Mining, a move that would see the combined entity list on the Nasdaq in early September 2025, pending shareholder approval. Eric Trump serves as the firm’s chief strategy officer and is estimated to hold a stake valued at up to $367 million post-listing. The Winklevoss twins’ involvement is seen as both a strategic and symbolic gesture, reinforcing their political and financial alignment with the Trump brand[2].

This investment follows a series of other connections between the Winklevosses and the Trump family. In June, Gemini filed for an initial public offering with the U.S. Securities and Exchange Commission (SEC), a regulatory body chaired by Trump appointee, SEC Chair Paul Atkins. The agency had previously dropped a probe into Gemini’s Earn program over allegations of offering unregistered securities[2].

The Winklevosses also contributed $2 million to Donald Trump’s 2024 presidential campaign and attended high-profile events, including the March White House crypto summit and a July 18 signing ceremony for the GENIUS Act, which seeks to regulate stablecoins. During that event, the president acknowledged their contributions[1].

The investment in American Bitcoin is also part of a broader pattern of engagement from the Winklevosses in the Trump administration’s regulatory decisions. A recent Politico report suggested that the brothers may have lobbied the White House to reconsider the nomination of Brian Quintenz for a leadership role at the U.S. Commodity Futures Trading Commission (CFTC). The Senate Agriculture Committee had postponed a vote on Quintenz’s nomination following a White House request, though it remains unclear when the nomination will be rescheduled[2].

Gemini has previously criticized the CFTC over its handling of a separate investigation into the firm’s 2017 Bitcoin futures launch. The case was settled earlier this year with a $5 million fine, though Gemini did not admit any wrongdoing and has since called for regulatory reforms[2].

The Winklevoss twins’ investment in American Bitcoin underscores the increasing convergence of politics, finance, and digital assets in the U.S. As the merged entity prepares for a public listing, the partnership highlights the strategic value of aligning with politically influential figures in the crypto space. The Winklevosses’ own IPO plans reflect a broader market trend in which institutional players seek to capitalize on growing interest in digital assets.

Source: [1] Winklevoss twins deepen ties to Trump family with Bitcoin mining investment: Report (https://cointelegraph.com/news/winklevoss-invest-trump-family-bitcoin-mining)

[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/)