{"id":41118,"date":"2025-08-08T08:01:38","date_gmt":"2025-08-08T08:01:38","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41118"},"modified":"2025-08-08T08:01:38","modified_gmt":"2025-08-08T08:01:38","slug":"winklevoss-twins-inject-bitcoin-into-trump-linked-mining-venture","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41118","title":{"rendered":"Winklevoss Twins Inject Bitcoin Into Trump-Linked Mining Venture"},"content":{"rendered":"
\n

Twin Bitcoin billionaires Cameron and Tyler Winklevoss have put money into a new mining venture with direct ties to the Trump family, according to a Bloomberg report<\/a>.<\/p>\n

The company, American Bitcoin Corp., is linked to Eric Trump and Donald Trump Jr. and was formed earlier this year.<\/p>\n

The amount the twins invested was not revealed. However, Hut 8 Corp. CEO Asher Genoot confirmed their contribution was part of a $220 million private placement that closed recently.<\/p>\n

The raise, which included both cash and Bitcoin<\/a>, was described as oversubscribed during Hut 8\u2019s latest earnings call.<\/p>\n

\n

The billionaire Winklevoss twins are said to have invested in a new crypto-mining venture tied to another set of high-profile brothers, Eric Trump and Donald Trump Jr. https:\/\/t.co\/uCofs2eMWl<\/a><\/p>\n

\u2014 Bloomberg (@business) August 7, 2025<\/a><\/p>\n<\/blockquote>\n

Political And Crypto Ties Grow Closer<\/h2>\n

This isn\u2019t the first time the Winklevoss twins<\/a> and the Trump family have crossed paths. The twins have previously donated to President Donald Trump\u2019s campaign.<\/p>\n

They were also present at a White House crypto summit in March and attended the signing of recent crypto legislation.<\/p>\n

Genoot said the company\u2019s structure will give it the scale and capital it needs to compete in the Bitcoin mining industry.<\/p>\n

Trump Family In Business With Hut 8<\/h2>\n

American Bitcoin Corp. began operations in March through a partnership with Hut 8, which holds 80% of the company.<\/p>\n

The other 20% belongs to American Data Centers, a firm backed by Eric Trump and Donald Trump Jr. Eric is also the company\u2019s director for strategic planning.<\/p>\n

<\/p>\n

Based on earlier Bloomberg reporting, his stake could be valued as much as $367 million once the company makes its public debut.<\/p>\n

The company plans to go public through an all-stock merger with Nasdaq-listed Gryphon Digital Mining Inc., trading under the ticker \u201cABTC.\u201d<\/p>\n

Just this week, shareholders of Gryphon began voting on the deal. If given the greenlight, the collaboration is expected to be finalized by early September.<\/p>\n

American Bitcoin says its focus will be on both mining and holding Bitcoin, building a long-term reserve from its own production.<\/p>\n

The Winklevoss twins, who run the Gemini<\/a> crypto exchange, contributed their share in Bitcoin, according to reports. A Gemini representative declined to comment on the investment.<\/p>\n

Mining Sector Faces Stiffer Competition<\/p>\n

American Bitcoin\u2019s $220 million raise signals aggressive plans for expansion. A Hut 8 filing shows around $10 million of newly issued equity was sold for Bitcoin instead of cash, reflecting the company\u2019s goal to accumulate the asset directly.<\/p>\n

Donald Trump Jr. has said that mining, along with holding Bitcoin, will be central to the company\u2019s long-term strategy.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Twin Bitcoin billionaires Cameron and Tyler Winklevoss have put money into a new mining venture with direct ties to the Trump family, according to a Bloomberg report. The company, American Bitcoin Corp., is linked to Eric Trump and Donald Trump Jr. and was formed earlier this year. The amount the twins invested was not revealed. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-41118","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41118"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41118\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}