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Twin Bitcoin Billion Ayer Cameron and Tyler Winklevos put money in a new mining enterprise with direct relations for the Trump family, united for a Bloomberg report.
The company, American Bitcoin Corp, is associated with Eric Trump and Donald Trump Junior and was created this year.
The amount investigated for twins was not known. However, Hut 8 Corp. CEO Esher Jenoot confirmed that his contribution was part of a private placement of $ 220 million which was recently closed.
Rise, which included both cash and bitcoin, was described as overshabars during the latest income call of Hut 8.
Is called
– Bloomberg (@Business) August 7, 2025
Political and crypto relations grow close
This is not the first time Vinklevos twins and Trump family have crossed the road. The twins have prepared for the campaign of President Donald Trump.
He was also present at a White House Crypto Summit in March and attended the recent Crypto law signing.
Genoot said the company’s structure would provide it and scale to compete in the bitcoin mining industry.
Business in Trump family 8
The American Bitcoin Corp began operating in March through a partnership with Hoot 8, with 80% of the company.
Other 20% of the other US data centers belong to a firm, a firm supported by Eric Trump and Donald Trump Junior Eric, is also the company’s director for the strategic plan.
Based on the first Bloomberg reporting, their stake could be $ 367 million after the company has publicly introduced.
The company planned to go publicly through the all-stock merger with the Nasdaq-list graphon digital mining ink, which trade under the tick “ABTC”.
This week, Graffon’s shareholders started voting on the deal. If Greenlight is given, cooperation may finalize until the beginning of September.
American bitcoin says it will focus on both mining and bitcoin, which will create a long -term reserve from its own production.
Vinklevos twins, who run the Gemini Crypto Exchange, contributed their share to the bitcoin, worked for the report. A Gemini representative refused to comment on investment.
Mining area facility
The American bitcoins indicate aggressive plans for an extension of $ 220 million. A hut 8 filing suggests that about 10 million dollars of new issue were sold for cash bitcoin insulation, reflecting the company’s target to submit the asset director.
Donald Trump Junior has said that mining with bitcoin will be central for the company’s long -term strategy.
Specially displayed image from UNSPLASH, chart from tradingview
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