Cameron and Tyler Winklevoss have invested $2 million in Bitcoin (BTC) into American Bitcoin Corp., a mining venture co-founded by Eric Trump and Donald Trump Jr. The investment was part of a larger $220 million private placement—comprising cash and BTC—that was oversubscribed, signaling robust institutional interest. American Bitcoin Corp. plans to go public via a merger with Nasdaq-listed Gryphon Digital Mining (ticker: ABTC) by early September, pending shareholder approval.
Eric Trump serves as Chief Strategy Officer and holds a 20% stake through American Data Centers, potentially valued at $367 million post-listing. Hut 8 Corp., which owns 80% of the venture, confirmed the Winklevoss investment and highlighted its role in expanding U.S.-focused mining infrastructure. The merged entity will prioritize building a strategic BTC reserve while leveraging America's rising share in global hashrate—now at 38%, up from 4% pre-2021.
Tyler Winklevoss emphasized the twins' commitment to "grow the crypto ecosystem and support responsible innovation," aligning with their political advocacy, including donations to Donald Trump's campaign and participation in White House crypto summits. The move coincides with Bitcoin mining difficulty fluctuations, which hit an all-time high of 127.6 trillion on August 2 before an expected 3% drop.