Gemini and Winklevoss Brothers Invest in Trump's Son Mining Company with Bitcoin
2025-08-07 23:07:56
Gemini Exchange co-founders Tyler and Cameron Winklevoss have invested in bitcoin in American Bitcoin Corp, a bitcoin mining company co-founded by Donald Trump Jr. and Eric Trump. The company was spun off from listed miner Hut 8 and is currently pursuing a Nasdaq listing through a merger with Gryphon Digital Mining, expected to close in early September 2025. The private placement raised a total of about $220 million in cash and bitcoin, and the market was oversubscribed. The size of the investment was not disclosed, but the Winklevoss brothers donated millions of dollars in bitcoin to the Trump campaign. At the same time, Gemini has filed a draft IPO application with the SEC and is planning to go public.
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