According to the Bloomberg Report, Twin Bitcoin billionaire Cameron and Tyler Winklevoss have invested money in a new mining venture that has a direct relationship with the Trump family.
The company, American Bitcoin Corp., was established earlier this year, connected to Eric Trump and Donald Trump JR..
The amount invested by the twins was not disclosed. But hut 8 corp. Asher Genoot, the CEO, confirmed that their donations were part of the recently closed $ 220 million personal deployment.
Impressions containing both cash and bitcoin have been described as excess subscriptions in the latest import phones of the Cabin 8.
Winklevoss twins are other famous brothers, Eric Trump and Donald Trump JR. It is said that it has invested in a new encryption venture connected to https://t.co/ucofs2emwl.
-Bloomberg (@business) August 7, 2025
Politics and encryption ties grow closer
This is not the first time that the Winklevoss twins and the Trump family have crossed the road. The twins previously donated to Donald Trump’s campaign.
They also attended the White House cryptocurrency summit in March and recently signed the signature of the encryption law.
Genoot said the company’s structure will provide the size and capital needed to compete in the Bitcoin mining industry.
Trump family 8 in business with the cabin
American Bitcoin Corp. began to operate in March with a partnership with HUT 8, which has 80%of the company.
The other 20%belong to the American Data Center, a company supported by Eric Trump and Donald Trump JR.. ERIC also prays for a company director of the strategic plan.
Based on the initial Bloomberg report, his stake can reach $ 367 million after the company debuted.
The company plans to trade in accordance with the TileFer “ABTC” through the merger of all stocks with Gryphon Digital Mining Inc. listed in NASDAQ.
This week, Gryphon’s shareholders began to vote for this contract. Given GreenLight, cooperation is expected to be completed by early September.
American Bitcoin said it will focus on mining and possession of Bitcoin, and will build long -term reserves through its own production.
According to the report, Winklevoss twins, who run Gemini Crypto Exchange, donated their own share from Bitcoin. Twin Representatives refused to mention investments.
The mining sector is faced with a solid competition.
The $ 220 million of American Bitcoin has an aggressive plan for expansion. The Hut 8 submissions reflect the newly issued capital of about $ 10 million in cash and the company’s goals to accumulate assets directly.
Donald Trump Jr. said, with Bitcoin, mining will be the center of the company’s long -term strategy.
Chart of TradingView, the main image of Unsplash
Editorial process focuses on providing thorough research, accurate and prejudice content. We support the strict sourcing standard and each page is diligent in the top technology experts and the seasoned editor’s team. This process ensures the integrity, relevance and value of the reader’s content.
