Overview

• Cameron and Tyler Winklevoss participated in an oversubscribed private placement for American Bitcoin Corp. by contributing bitcoin rather than cash, according to Hut 8 CEO Asher Genoot.
• The investment cements the twins’ financial and political connections to Eric Trump and Donald Trump Jr.
• American Bitcoin Corp. was created earlier this year by merging Hut 8’s mining operations with a Trump-backed entity through an all-stock deal with Gryphon Digital.
• The firm assembled a roughly $2 billion bitcoin treasury over the summer as part of its reserve strategy.
• American Bitcoin remains on track to list on Nasdaq through its merger with Gryphon Digital Mining Inc.