Winklevoss Twins Invest in Trump Family-Backed American Bitcoin Corp
Cameron and Tyler Winklevoss invest in American Bitcoin Corp, joining Trump Brothers’ Bitcoin mining venture and fueling a $220 million funding round.
The Winklevoss Twins invested an undisclosed amount of Bitcoin in American Bitcoin Corp., the mining company co-founded by Donald Trump Jr. and Eric Trump.
American Bitcoin launched in March through a partnership with publicly traded miner Hut 8 Corp. Hut 8 holds an 80% stake while American Data Centers, a Trump family-backed firm, owns the remaining 20%.
The private placement round, which included the Winklevoss investment, raised roughly $220 million in cash and Bitcoin. Hut 8 CEO Asher Genoot called the funding “oversubscribed” during the company's latest earnings call.
In May, the company announced plans to go public through an all-stock merger with Nasdaq-listed Gryphon Digital Mining. Shareholders commenced voting on August 6, with a special meeting scheduled for August 27, 2025, and a targeted closing in early September.
The combined entity would trade under the ticker ABTC on Nasdaq. American Bitcoin plans to build and hold a strategic reserve of mined Bitcoin, operating as both a mining and accumulation platform.
The investment strengthens connections between the Winklevoss twins and the Trump family. The brothers contributed $2 million to Donald Trump's 2024 campaign and attended a White House crypto summit in March. They were also present at the July 18 signing ceremony for the GENIUS Act, legislation designed to regulate payment stablecoins.
Gemini filed confidentially for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) in June. The company aims to become one of the first major U.S. crypto exchanges to list publicly. Earlier this year, the SEC dropped an investigation into Gemini's Earn lending program over allegations of offering unregistered securities.
Cameron and Tyler Winklevoss founded Gemini in 2014 as a New York trust company regulated by state and federal authorities. They hold tens of thousands of BTC and have pioneered regulated trading, including early applications for a U.S. Bitcoin ETF.
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