Winklevoss Twins Invest in Trump-Backed American Bitcoin Corp

Winklevoss Twins Invest in Trump-Backed American Bitcoin Corp

The Winklevoss twins—Tyler and Cameron, known for founding the Gemini cryptocurrency exchange and being among Bitcoin’s earliest high-profile investors—have expanded their influence in the crypto sector by investing in American Bitcoin Corp, a Bitcoin mining venture connected to former U.S. President Donald Trump’s family.

A Major Funding Boost

The investment was part of a private placement round that raised around $220 million in a mix of cash and Bitcoin. The funding round was reportedly oversubscribed. Signaling strong investor interest in the company’s vision. While the exact amount contributed by the Winklevoss twins was not disclosed. Their involvement adds significant credibility to the venture.

The Trump Connection

American Bitcoin Corp launched in March 2025 as a joint venture between Hut 8 Corp, which owns an 80% stake, and American Data Centers, a firm backed by Eric Trump and Donald Trump Jr., which holds the remaining 20%. Eric Trump currently serves as Chief Strategy Officer for the company.

The firm is in the process of merging with Nasdaq-listed Gryphon Digital Mining Inc. and is expected to begin trading under the ticker ABTC by early September 2025. If market valuations meet projections. Eric Trump’s stake in the company could be worth more than $360 million.

Building a U.S. Bitcoin Mining Powerhouse

American Bitcoin aims to become one of the largest pure-play Bitcoin miners in the United States, with a strong focus on building strategic Bitcoin reserves. The company operates high-capacity mining facilities with thousands of rigs, making it a major player in the North American mining landscape.

Why This Matters

  • Political Meets Crypto – This investment marks a rare and notable alignment between prominent political figures and major crypto investors.

  • Strong Market Position – With robust funding, advanced infrastructure, and experienced leadership. American Bitcoin is positioned for rapid growth.

  • Industry Impact – The Winklevoss twins’ continued investments in the crypto industry demonstrate their commitment to shaping Bitcoin’s future in the U.S. and beyond.

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