Gemini founders invest in bitcoin mining company affiliated with the Trump family

According to news from Hash World, Gemini founders Winklevoss brothers have recently invested in American Bitcoin Corp, a bitcoin mining company co-founded by Trump family members Donald Trump Jr. and Eric Trump, through Bitcoin. The specific amount has not been disclosed. The company was established by a spin-off of the publicly traded company Hut 8 and is merging with Gryphon Digital Mining with plans to go public, with the transaction expected to be completed in early September. Through this private financing, American Bitcoin Corp raised $220 million (including cash and bitcoin). According to previous reports, after going public, Eric Trump's shareholding could be valued at $367 million. The Winklevoss brothers have a close relationship with the Trump family, having participated in Trump campaign donations multiple times and attended White House events. At the same time, Gemini exchange is also preparing its IPO plans.