Winklevoss Twins Invested in the Trump Family Mining Project star-news.press/wp

Gemini founders participating in Cameron and Tyler Winklevoss have made an unknown investment at Bitcoin American America, a mining company partially owned by the sons of US President Donald Trump Eric and Donald Junior.

Speaking to Bloomberg, CEO of ASHER Genot He said The investment was part of a special position by the Miami -based project, which was “excessive in production”.

Genot confirmed that Twinkvoss Twins participated using Bitcoin, although it refused to specify the amount. The offer generated approximately $ 220 million of joint cash and BTC revenues, which the company plans to use in the accumulation of assets and expand mining.

Why is this investment great?

Investment adds another link in the increasing relationship between the founders of Gemini and the Trump family.

In recent years, the twins have attended many White House events, including the summit of digital assets in March and the July Signature of the Genius, which sets a regulatory framework for Stablecoins. President Trump personally admitted their contributions to the last event.

The twins also donated millions of Trump’s campaign for 2024 and Trump’s political committees.

Interestingly, this relationship seems to attract attention in Washington. In July, Politico I mentioned The Winklevoss brothers may have affected the White House decision to delay the nomination of Brian Quintns as head of the American commodity futures trading committee.

The Senate Agricultural Committee had set a vote on Quintns nomination before the legislators left for the August holiday. However, the operation stopped after a request from the White House.

While the report did not confirm any direct intervention by the twins, it indicated their previous general support to Quents after President Trump announced the nomination.

The reasons behind the delay are still unclear, and the White House nor the Gemini founders publicly participated in these claims. Currently, the nomination is expected to return to the Senate’s agenda when legislators will be returned later this year.

Bitcoin Group for Nasdaq inserts

The American Bitcoin, owned by about 20 % of Eric and Donald Trump Junior, has emerged from the restructuring of Hot Mining 8.

The company agreed to announce the integration of all shares with Gryphon Digital Mining in NASDAQ, a deal expected to be closed in early September. Upon listing, the value of Eric Trump’s share may reach $ 367 million, according to Bloomberg.

The American Bitcoin’s basic strategy focuses on building a long -term value with two parallel goals. The first is the execution of Bitcoin at a cost of less than the market price. The second is the increase in direct cryptocurrencies.

As of June, American Bitcoin has reported a reserve of 215 BTC worth $ 24 million, stored in Coinbase. The company shrinks its mining operations instead of owning and operating all the infrastructure directly, a model that maintains the decrease in fixed costs while allowing it to expand quickly.