Cameron and Tyler Winklevoss, the co-founders of the Gemini cryptocurrency exchange, are reportedly deepening their ties with the Trump family through a recent investment in American Bitcoin Corp. This Bitcoin mining firm has links to President Donald Trump's sons, Eric and Donald Trump Jr.
American Bitcoin Corp. was spun off from the publicly traded Bitcoin miner Hut 8, and is seeking to go public through a merger with Gryphon Digital Mining. Gryphon shareholders are currently voting on whether to approve the merger; Hut 8 and the Trumps will retain about 98% ownership in the new entity. Eric Trump serves as the chief strategy officer of American Bitcoin Corp. It is expected that American Bitcoin Corp. will be listed on the Nasdaq stock exchange upon approval of its merger with Gryphon Digital Mining in early September 2025.
The Winklevoss twins' investment was part of a private placement by American Bitcoin Corp. Asher Genoot, the CEO of Hut 8, stated that the offering generated approximately $220 million in cash and Bitcoin and was "oversubscribed". While the precise size of the Winklevoss' investment remains undisclosed, this move signifies a notable intersection between the cryptocurrency industry, the Trump family, and traditional financial markets.
This investment is not the first instance of the Winklevoss twins supporting the Trump family. They have donated millions in Bitcoin to President Trump's campaign and pro-Trump super PACs in the past. In June 2024, each of the twins donated $1 million in Bitcoin to Donald Trump's campaign, expressing their support for his pro-crypto stance. Cameron Winklevoss stated that Trump is "pro-Bitcoin, pro-crypto, pro-business" and would end the Biden administration's "war on crypto".
The increasing involvement of the Winklevoss twins with the Trump family also extends to policy influence. In July 2025, the Winklevoss brothers reportedly pressed President Trump to reconsider his nominee for Commodity Futures Trading Commission (CFTC) chair, Brian Quintenz. They expressed concerns that Quintenz was not aligned with Trump's agenda and wouldn't bring sufficient change to the CFTC.
The Winklevoss twins, early Bitcoin investors and founders of the Gemini exchange, have become influential figures in the crypto space. Their investment in American Bitcoin Corp. and their prior support for the Trump family highlight the growing convergence of political and financial interests within the digital asset sector. Gemini, the cryptocurrency exchange founded by the twins, is currently seeking to go public, having filed a draft registration statement with the Securities and Exchange Commission (SEC) in early June.
The relationship between the Winklevoss twins and Donald Trump extends back several years, with the twins attending Trump's inauguration and participating in a White House cryptocurrency summit in March. In July, they participated in a signing ceremony for the proposed GENIUS Act, with President Trump acknowledging their contributions.
The Winklevoss twins' journey in the crypto world began after their legal battle with Mark Zuckerberg over the origins of Facebook. They invested a significant portion of their settlement in Bitcoin in 2012, becoming major players in the cryptocurrency market. Their influence spans from their Bitcoin holdings to their advocacy for crypto-friendly regulations.
