Bitcoin News Today: Winklevoss Twins Invest in Trump-Linked Bitcoin Miner Amid Regulatory Shifts

Cameron and Tyler Winklevoss, the billionaire co-founders of crypto exchange Gemini, have deepened their connection with the Trump family by investing in American Bitcoin Corp., a Bitcoin mining firm co-owned by Donald Trump Jr. and Eric Trump [1]. The investment, reportedly made using Bitcoin rather than cash, is part of a private funding round that was described as “oversubscribed” during a recent earnings call [2]. This move strengthens the Winklevosses’ growing influence in both the cryptocurrency sector and U.S. political circles.

American Bitcoin Corp. is preparing for a public listing through a merger with Gryphon Digital Mining, a Nasdaq-listed company with the ticker ABTC. The merger is expected to bring the firm into the public eye, positioning it as a significant player in the Bitcoin mining industry, which is currently experiencing a wave of consolidation and regulatory scrutiny [3]. Once completed, likely by early September if shareholders approve, the company will operate as a publicly traded subsidiary [4].

The firm was spun off from Hut 8 Corp., a publicly listed mining company based in Miami, and is estimated to be about 20% owned by the Trump sons [5]. The Winklevoss investment, coming from two of the most prominent figures in the U.S. crypto space, adds credibility and visibility to the venture, signaling strong market confidence [6].

This investment is the latest in a series of strategic moves by the Winklevoss twins to align with the Trump family. Earlier in 2025, the twins donated $2 million to Donald Trump’s 2024 presidential campaign [7]. They have also participated in key administration events, including a White House cryptocurrency summit in March and the July 18 signing of the GENIUS Act, a bill aimed at regulating payment stablecoins [8].

Their influence extends beyond campaign contributions and high-profile appearances. The Winklevosses reportedly played a role in the reconsideration of Brian Quintenz’s nomination to lead the Commodity Futures Trading Commission (CFTC), a major regulatory body for the crypto markets. The delay in the nomination, which was initially scheduled to be voted on before the August recess, suggests their growing ability to influence U.S. regulatory policy [9].

The regulatory environment has also benefited the Winklevosses’ business interests. In February 2025, the Securities and Exchange Commission, led by Trump appointee Paul Atkins, dropped an investigation into the Gemini Earn program over allegations of unregistered securities [10]. That same year, Gemini filed for an initial public offering, signaling the company’s next phase of growth [11].

The Winklevoss twins’ engagement with the Trump administration highlights a broader trend in the cryptocurrency industry, where business and political influence are increasingly intertwined. Their public acknowledgment by President Trump during the signing of the GENIUS Act underscores their role not just as investors, but as key players in shaping the regulatory landscape [12].

American Bitcoin Corp. plans to mine and hold Bitcoin as part of a long-term strategy, with Donald Trump Jr. emphasizing the firm’s commitment to building a substantial Bitcoin reserve [13]. The firm’s 220 million financing round, which was oversubscribed, further reinforces the confidence of the market in the project’s potential [14].

Source:

[1] Winklevoss Twins Back Trump-Linked Bitcoin Mining Firm

https://cointelegraph.com/news/winklevoss-invest-trump-family-bitcoin-mining

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

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

[3] Bitcoin News Today: Winklevoss Twins Invest in Trump

https://blockonomi.com/winklevoss-twins-invest-in-trump-family-bitcoin-mining-venture/

[4] Winklevoss Twins Back Trump-Affiliated Bitcoin Miner

https://99bitcoins.com/news/bitcoin-btc/winklevoss-twins-back-trump-affiliated-bitcoin-miner/

[5] Winklevoss Twins Back Trump Sons' Bitcoin Mining Firm as

https://m.fastbull.com/news-detail/winklevoss-twins-back-trump-sons-bitcoin-mining-firm-news_6100_0_2025_3_6765_3/6100_LTC-USDT

[6] Winklevoss Twins Back Trump-Linked Bitcoin Mining Firm

[7] Winklevoss Twins Invest in Trump Family Bitcoin Mining Venture

[8] Winklevoss Twins Invest in Trump Family Bitcoin Mining Venture

[9] Winklevoss Twins Invest in Trump Family Bitcoin Mining Venture

[10] Winklevoss Twins Invest in Trump Family Bitcoin Mining Venture

[11] Winklevoss Twins Invest in Trump Family Bitcoin Mining Venture

[12] Winklevoss Twins Invest in Trump Family Bitcoin Mining Venture

[13] Winklevoss Twins Back Trump-Linked Bitcoin Mining Firm

[14] Winklevoss Twins Invest in Trump Family Bitcoin Mining Venture