The Winklevoss twins, founders of crypto exchange Gemini, have reportedly invested in American Bitcoin, a mining company co-founded by Donald Trump Jr., Eric Trump, and others.
The investment, disclosed by Hut 8 CEO Asher Genoot, adds to the growing relationship between the Winklevosses and the Trump family. Earlier this year, they donated $2 million to Trump’s 2024 campaign and participated in a White House crypto summit in March.
They were also present at the July 18 signing ceremony for the GENIUS Act, which aims to regulate stablecoins in the U.S., and President Trump acknowledged their support.
American Bitcoin plans to go public via a merger with Gryphon Digital Mining.
Separately, Gemini filed for an IPO with the SEC in June. An earlier SEC investigation into its Earn program, which allegedly involved unregistered securities, was dropped in February under Trump-appointed Chair Paul Atkins.
The amount of the investment remains undisclosed, and Gemini declined to comment as of publication time.
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