Winkelvoss Twins Invest in Trump Family-Backed Bitcoin Firm

8 August 2025 - 17:50 CEST
Credit: Di Techcrunch

The Winklevoss twins have invested in American Bitcoin in a private placement round ahead of the company’s planning listing on Nasdaq. The level of their investment was not disclosed, though it was in Bitcoin not cash.

They join Donald Trump Junior and Eric Trump, who also have an interest in American Bitcoin through American Data Centers Inc, the high-performance computing unit they launched with Dominari Partners earlier this year.

High-level investors

American Bitcoin is a recent spin-off from Miami-based Hut 8, which describes itself as “an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-potential computing.”

Other firms involved include Bitmain, Macquirie, Coinbase and Anchorage Digital. Anchorage is also a shareholder in Gryphon Digital Mining, which is already listed on Nasdaq. A stock-for-stock merger between American Bitcoin and Gryphon will provide the route to the former’s listing. 

Hut 8 CEO, Asher Genoot, gave the news of Tyler and Cameron Winklevoss’ investment during the company’s Q2 earnings call on Thursday.

Bitcoin accumulation

He also made it clear that American Bitcoin is a “Bitcoin accumulation vehicle”. Mining is one element of its activities, with a Bitcoin treasury being the second. The third pillar will support the broader ecosystem, the details of which have not yet been made public.

He also said the Form S-4 for the transaction “has been declared effective by the SEC (US Securities and Exchange Commission)”. He continued to say the listing is expected in the “coming weeks”.

According to the SEC filing, Hut 8 has an 80% holding in American Bitcoin. On the earnings call, Genoot said Hut 8’s holding is worth multiple billions of dollars.