Bitcoin Billionaire Winklevoss Bros Back Trump Sons’ Crypto Miner

2025-08-07 22:26:49

Main Idea

The article discusses the Winklevoss twins' investment in American Bitcoin Corp. and the current state of Bitcoin mining profitability.

Key Points

1. Gemini founders Tyler and Cameron Winklevoss invested in American Bitcoin Corp., a mining company formed by merging Hut 8’s assets with an entity backed by Eric Trump and Donald Trump Jr.

2. American Bitcoin Corp. announced plans for a public listing in May after acquiring Gryphon Digital Mining Inc. in an all-stock deal.

3. BTC mining companies had their most profitable month since the April 2024 Bitcoin halving in July, according to JP Morgan analysts.

4. Bitcoin reached a record price of $122,838 in July but was trading at $117,453 at the time of writing, up 2% over the past 24 hours.

Description

Hut 8 CEO Asher Genoot told investors today the Winklevoss brothers bought into American Bitcoin with BTC rather than cash.

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