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Bloomberg: Gemini Co-founders Have Invested in Trump-Linked Mining Firm American Bitcoin Corp.

2025.08.08 08:40:23

On August 8th, as per Bloomberg, the co-founders of the cryptocurrency exchange platform Gemini, the billionaire Winklevoss twins, invested in a newly established cryptocurrency mining company that has associations with two of President Trump's sons - Eric Trump and Donald Trump Jr. According to Miami Hut 8 CEO Asher Genoot, this investment forms part of American Bitcoin Corp.'s private funding. American Bitcoin Corp. was created by merging Hut 8's mining assets with an investment entity that includes a son of US President Donald Trump. The specific investment amount from the Winklevoss twins was not made public. This investment comes at a time when there is an increasingly close relationship between the Trump family and the Winklevoss brothers. The twin brothers have previously made donations to President Trump's election campaign and, as guests at the White House, attended the digital asset summit held in March and the milestone cryptocurrency legislation signing ceremony last month. During Thursday's earnings conference call, Genoot mentioned that this private funding was "oversubscribed" and disclosed that the Winklevoss twins made the investment using Bitcoin. The company stated in a report that the offering managed to raise approximately $220 million in both cash and Bitcoin proceeds.
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