Winklevoss Invest in Trump-Linked Bitcoin Mining Firm

Tyler and Cameron Winklevoss, co-founders of the Gemini exchange, have invested Bitcoin in American Bitcoin Corp., a mining firm created by merging assets from Hut 8 and a Trump family-backed entity. The investment was part of a $220 million private placement involving both cash and Bitcoin. American Bitcoin Corp. plans to go public via a merger with Gryphon Digital Mining, with the merged entity expected to trade on Nasdaq under the ticker 'ABTC.' Eric Trump serves as chief strategy officer and could see his stake rise to $367 million after the listing. The Winklevoss twins' involvement follows their support for Trump-related causes and comes amid heightened Bitcoin mining profitability after the April 2024 halving. This partnership underscores the growing overlap between the crypto industry, politics, and finance ahead of key regulatory and electoral events.