American Bitcoin’s path to the public markets was paved by a substantial mid-year financing round, one that drew in a wide spectrum of high-profile investors from both traditional finance and the crypto sector. The company raised $220 million in July, only weeks before completing a reverse-merger listing in September, marking one of the most significant capital injections into U.S.-based Bitcoin mining infrastructure this year.
Scaramucci’s Firm Emerges as Lead Backer
The funding was spearheaded by Solari Capital, the investment firm managed by AJ Scaramucci. He confirmed that Solari contributed over $100 million to the raise, though the precise figure remains undisclosed. Fortune later reported that Anthony Scaramucci, AJ’s father and former White House communications director, also invested personally.
What stands out about the round is the breadth of participation. Well-known names from different corners of the industry joined in, including entrepreneur and author Tony Robbins, Cardano founder Charles Hoskinson, real-estate mogul Grant Cardone, and XPRIZE founder Peter Diamandis.
The full investor roster from the July raise was not published when the company went public, though filings hint at a wider set of contributors beyond those publicly named.
No Political Angle Behind the Investment
Despite lingering public associations with Donald Trump’s 2017 administration, sources close to the matter emphasized that politics played no role in the funding decision. Anthony Scaramucci has been openly critical of Trump for years, and the American Bitcoin investment was framed as a straightforward bet on the company’s mining model and long-term infrastructure plans.
With the fresh capital and public listing complete, American Bitcoin is positioned to expand its operational footprint across the United States, something investors view as increasingly important amid global competition for mining capacity.