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

Cameron and Tyler Winklevoss, co-founders of cryptocurrency exchange Gemini, have reportedly invested in American Bitcoin Corp., a cryptocurrency mining company co-founded by Donald Trump Jr. and Eric Trump [1]. The investment, which occurred through a private placement round, included an undisclosed amount of capital from the Winklevoss twins. According to Hut 8 CEO Asher Genoot, the fundraising was “oversubscribed” and included approximately $220 million in cash and bitcoin [2]. The Winklevosses’ involvement in American Bitcoin marks the latest in a series of connections between the Gemini co-founders and the Trump family, which has included significant political donations and high-profile appearances [1].

American Bitcoin Corp. is preparing to go public via a merger with Gryphon Digital Mining, a deal expected to list the combined entity on the Nasdaq in early September 2025, subject to shareholder approval [2]. Eric Trump, a co-founder of the company, currently serves as chief strategy officer and is estimated to hold a 20% stake, which could be worth as much as $367 million upon the firm's listing [2]. Following the merger, Hut 8 and the Trump family are expected to retain nearly 98% ownership of the new entity [2].

The Winklevoss twins have previously supported the Trump family through a $2 million contribution to the 2024 presidential campaign, attendance at inauguration events, and participation in a White House-led cryptocurrency summit in March [1]. In July, they also attended a signing ceremony for the proposed GENIUS Act, with President Trump publicly acknowledging their contributions [1]. These actions have further solidified their public presence in the crypto space and their alignment with Trump-aligned policy initiatives.

In June 2025, Gemini filed confidentially for an initial public offering with the U.S. Securities and Exchange Commission, led by Trump appointee Paul Atkins [1]. The SEC had previously dropped a probe into Gemini’s Earn program in February 2025, a decision that the company has attributed to the new administration’s regulatory approach [1]. Gemini has also been involved in a protracted legal and public relations battle with the Commodity Futures Trading Commission over its 2017 launch of Bitcoin futures [2]. The dispute has included a $5 million settlement and ongoing criticism of the CFTC’s conduct, which Gemini describes as driven more by media spectacle than by regulatory rigor [2].

Recent reports suggest the Winklevosses may have also influenced the Trump administration’s handling of Brian Quintenz’s nomination to chair the CFTC [1]. Although they had publicly supported Quintenz, the Senate vote on his nomination was delayed following a White House request. It is unclear whether the Winklevosses played a direct role in the delay, but their history of political engagement and media presence indicates a continued interest in shaping crypto-related policy in Washington [1].

The investment in American Bitcoin Corp. not only deepens the Winklevoss twins’ financial and political ties to the Trump family but also reflects their strategic positioning in the evolving cryptocurrency sector. As American Bitcoin Corp. moves closer to its public listing, the involvement of high-profile investors like the Winklevosses may attract additional scrutiny and market attention.

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/)