Cameron and Tyler Winkefus from Bitcoin twin billionaires have put money in a new mining project with direct relationships with the Trump family, according to Bloomberg. a report.
The American Bitcoin Corp, Eric Trump and Donald Trump Junior and formed earlier this year.
The invested twin amount has not been revealed. However, the CEO of HUT 8 Corp. confirmed Asher Genot said that its contribution was part of a $ 220 million special situation.
The increase, which included both criticism and BitcoinIt was described as exaggerated during the latest HUT 8 profit call.
The billionaire Winkelvos is said to have invested in a new encryption project associated with another group of prominent brothers, Eric Trump and Donald Trump Junior.
Blomberg (Business) August 7, 2025
Political relations and encryption are closer
This is not the first time Winkefos twins The Trump family showed the paths. The twins have previously donated to President Donald Trump’s campaign.
They were also present at the White House encryption summit in March and attended the signing of recent encryption legislation.
Genot said that the company’s structure will give it the scale and the capital it needs to compete in the Bitcoin mining industry.
Trump’s family in business with 8
The American Bitcoin Corp has started its operations in March by partnership with HUT 8, which owns 80 % of the company.
The other 20 % belong to the American data centers, and it is a company with the support of Eric Trump and Donald Trump Junior Eric is also the company manager for strategic planning.
Based on previous Bloomberg reports, the value of its share can reach $ 367 million once the company appears for the first time.
The company plans to the public by integrating All-Stock with Gryphon Digital Mining Inc. Listed in Nasdaq, wandering under the “ABTC” index.
Only this week, Gryphon shareholders began voting on the deal. If you are given the green light, it is expected that the cooperation will be completed by early September.
American Bitcoin says that its concentration will be on both mining, bitcoin, and build a long -term reserve of its production.
Winklevoss twins, who run twin Crypto Exchange contributed to Bitcoin, according to reports. Gemini representative refused to comment on the investment.
The mining sector faces more solid competition
American Bitcoin provokes $ 220 million in aggressive plans to expand. Fivling 8 HUT shows about $ 10 million of newly released stocks for bitcoin instead of cash, reflecting the company’s goal to collect the original directly.
Donald Trump Junior said mining, along with Bitcoin contract, will be essential in the company’s long -term strategy.
Distinctive image from Unsplash, tradingvief chart
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2025-08-08 08:00:00
