Politics makes strange bedfellows, but apparently Bitcoin (BTC) makes even stranger ones. Former White House Communications Director Anthony Scaramucci and his son AJ Scaramucci have put serious money into American Bitcoin, a mining company co-founded by Eric Trump and backed by Donald Trump Jr.
Here's where it gets interesting. Solari Capital, the investment firm founded by AJ Scaramucci, spearheaded a $220 million funding round for American Bitcoin back in July. According to Fortune, the Scaramuccis made their investment before the company went public through a reverse merger in September.
AJ's firm ponied up over $100 million, while Anthony also made a personal investment of an undisclosed amount. They weren't alone in backing the venture—life coach Tony Robbins, Cardano founder Charles Hoskinson, investor Grant Cardone, and entrepreneur Peter Diamandis all participated in the round.
The political irony here is hard to miss. Anthony Scaramucci has been openly critical of President Trump and threw his support behind Joe Biden and Kamala Harris. Yet when it comes to Bitcoin mining opportunities, old grudges apparently take a backseat.
The Scaramuccis have been longtime cryptocurrency advocates with strong convictions about Bitcoin's future. "Bitcoin transcends politics," AJ told the outlet, and this investment seems to prove it. When you believe in an asset class strongly enough, apparently even political rifts with your business partners become footnotes.
