Oh, the drama! The Gemini co-founders, Cameron and Tyler Winklevoss (yes, *those* twins), have thrown their Bitcoin hats into the ring with American Bitcoin Corp., a mining venture that’s *partly* owned by Eric and Donald Trump Jr. 🤑 Because nothing says “family bonding” like a crypto deal, right? The investment amount? Undisclosed, of course. Because why spoil the mystery? 🕵️♂️
- The Winklevoss twins invested an undisclosed amount in American Bitcoin Corp., which is *partly* owned by the Trump brothers. Shocking, I know. 🙄
- This was part of a $220 million private placement, because why not mix cash and Bitcoin? It’s 2023, after all. 💸🤑
- American Bitcoin is going public via a merger with Gryphon Digital Mining in early September. Pop the champagne! Or should I say, the crypto? 🥂
According to Hut 8 CEO Asher Genoot (who sounds like a character from a spy novel), the investment was part of a “private placement” that was “oversubscribed.” Fancy words for “everyone wanted in.” He confirmed the twins used Bitcoin for their investment but kept the amount a secret. Because discretion is their middle name. Or is it? 🤫
Why is this a big deal? 🌟
Well, aside from the obvious “rich people doing rich people things,” this investment cements the *growing bromance* between the Winklevoss twins and the Trump family. The twins have been White House regulars, attending events like the digital assets summit and the GENIUS Act signing (yes, that’s a real thing). President Trump even gave them a shoutout. Aww, how sweet. 😊
And let’s not forget their *generous* donations to Trump’s 2024 campaign. Millions, darling. Millions. 💰 But wait, there’s more! Politico reported the twins might have influenced the White House’s decision to delay Brian Quintenz’s nomination as chair of the US Commodity Futures Trading Commission. Drama! Intrigue! Crypto! 🍿
The Senate Agriculture Committee was all set to vote, but then-plot twist-the White House stalled it. Was it the twins? Who knows? Neither side is talking. Classic. 🤐
American Bitcoin’s Nasdaq Dreams 🌈
American Bitcoin, which is 20% owned by the Trump brothers (because why not?), is going public via a merger with Gryphon Digital Mining. Eric Trump’s stake could be worth $367 million. Not bad for a side hustle, eh? 💼
Their strategy? Mine Bitcoin cheaper than everyone else and hoard crypto like it’s the apocalypse. As of June, they had 215 BTC worth nearly $24 million stashed with Coinbase Custody. And they contract out their mining operations because, you know, why bother with infrastructure when you can just outsource it? Genius. Or lazy. You decide. 🤷♂️
So, there you have it. Crypto, politics, and family drama-all in one neat little package. What’s next? A reality show? *The Real Housewives of Bitcoin*? I’d watch it. 🎬
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2025-08-08 10:07