The Scaramucci family invested over $100 million in American Bitcoin, tied to Trump’s sons. Solari Capital led the $220 million round before the company went public via reverse merger. Notable backers include Tony Robbins, Charles Hoskinson, and Grant Cardone. American Bitcoin is the 25th largest public Bitcoin holder, holding 4,004 BTC.

Despite a feud between Anthony Scaramucci and Trump, the investment was not political. AJ Scaramucci emphasized Bitcoin transcends politics. The investment stemmed from a personal connection with American Bitcoin’s president, Matt Prusak. Eric Trump remains unfazed by the crypto downturn, citing volatility as a trade-off for high returns. Bitcoin recently dipped below $95,000.

Read more at Cointelegraph: Scaramucci Family Invests $100M in Trump-Linked Bitcoin Miner