Cameron and Tyler Winklevoss, founders of the Gemini cryptocurrency exchange, have added to their crypto portfolio by investing in American Bitcoin, a Bitcoin mining operator launched by Donald Trump Jr. and other family members. According to a Bloomberg report, the amount of the investment was not disclosed, but the move continues the twins’ pattern of strategic partnerships within political circles.
American Bitcoin is planning a merger with Gryphon Digital Mining to go public, aiming to leverage both institutional and retail mining infrastructure. The partnership with the Winklevoss twins could enhance the company’s profile and access to capital, given their prominence in the digital asset space.
The investment follows the twins’ previous involvement in U.S. politics, including a $2 million contribution to Donald Trump’s 2024 campaign and participation in White House crypto events. Their support of regulatory nominees, such as Commodity Futures Trading Commission nominee Brian Quintenz, underscores an ongoing effort to influence policy direction.
Gemini itself faced regulatory scrutiny last year, prompting SEC investigations into its Earn program; those inquiries were dropped under new leadership. The Winklevoss twins’ latest investment illustrates the intersection of high-profile political connections and strategic investments within the evolving cryptocurrency mining sector.
Market observers note that the affiliation between Gemini and American Bitcoin highlights how traditional political networks are increasingly intertwining with blockchain enterprises, reflecting broader themes of adoption and partnership in the digital asset industry.🤝
Comments (0)