Twin Bitcoin billionaires Cameron and Tyler Winclevos have put their money into a new mining venture with direct ties to the Trump family, according to a Bloomberg report.
The company’s American Bitcoin Corp. is linked to Eric Trump and Donald Trump Jr. and was founded earlier this year.
The amount the twins invested has not been revealed. However, Hut 8 Corp. CEO Asher Genoot confirmed that their contributions are part of the $220 million private property that was recently closed.
Salary increases, including both cash and Bitcoin, were described as overregistered on Hut 8’s latest revenue calls.
The billionaire Wincrevos Twins are said to have invested in a new crypto mining venture tied to another set of high-profile brothers Eric Trump and Donald Trump Jr. https://t.co/ucofs2emwl
– Bloomberg (@business) August 7, 2025
Political and cryptography bonds approach
This is not the first time the Winklevos twins and Trump’s family have crossed the road. The twins had previously donated to President Donald Trump’s campaign.
They also attended the White House Crypto Summit in March and recently signed cryptographs.
Genoot said the company’s structure provides the size and capital needed to compete in Bitcoin mining.
Trump family in business with HUT 8
American Bitcoin Corp. began operation in March through a partnership with Hut 8.
The other 20% belong to data centers in the US. The American data center is a company supported by Eric Trump and Donald Trump Jr. Eric.
Based on previous Bloomberg reports, his shares could be valued as much as $367 million when the company publicly trades.
The company will be made public through an all-selling merger with Gryphon Digital Mining Inc., which trades under the ticker “ABTC” and is registered with NASDAQ.
This week, Griffon shareholders began voting for the deal. If Greenlight is given, the collaboration is expected to be confirmed by early September.
Bitcoin in America says it will focus on both mining and holding Bitcoin, with the focus being on building long-term preparations from its own production.
Reports say Winklevoss Twins, which runs Gemini Crypto Exchange, contributed its share of Bitcoin. A Gemini representative declined to comment on the investment.
The mining sector faces stiffer competition
American Bitcoin’s $220 million lists aggressive plans for expansion. The filing of Shed 8 reflects the company’s goal of approximately $10 million in newly issued shares being sold in Bitcoin rather than cash, and directly accumulating assets.
Donald Trump Jr. said the mining industry will be central to the company’s long-term strategy, along with holding Bitcoin.
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