Former White House Communications Director Anthony Scaramucci and his son, AJ Scaramucci, have reportedly invested $220 million in American Bitcoin, a crypto mining company linked to President Donald Trump’s sons.
According to Fortune, the investment round, which took place in July, was led by Solari Capital, founded by AJ Scaramucci.
American Bitcoin completed this funding round before going public via a reverse merger in September, but the investors were never disclosed. AJ Scaramucci said Solari Capital had invested over $100 million in the company, but declined to give the exact figure.
Anthony Scaramucci also reportedly invested personally, but did not disclose the amount. Other participants in the round include celebrity life coach Tony Robbins, Cardano founder Charles Hoskinson, investor Grant Cardone, and entrepreneur Peter Diamandis.
Anthony Scaramucci gained national recognition when he was appointed White House Communications Director by Trump in 2017, but he was dismissed just days later and subsequently became known for his harsh criticism of Trump. Despite this, the common thread that brought the Scaramucci family and the Trump family together around the same company was the cryptocurrency Bitcoin.
*This is not investment advice.