Today in Crypto, Solari Capital, led by AJ Scaramucci, has put more than $ 100 million in American Bitcoin, an executive that weighs the investor’s view beyond Bitcoin and Ethereum. Meanwhile, Steak ‘N Shake announced an expansion into El Salvador.
Scaramucci Family Invests Over $100m in Trump’s Bitcoin Mining Firm: Report
The Scaramucci family has invested more than $ 100 million In American Bitcoin, the mining company is tied to the children of US President Donald Trump.
The funding came through Solari Capital, the investment firm founded by AJ Scaramucci, which led the company’s $220 million round in July, months before American Bitcoin goes public through a reverse merger in September, according to a report from Fortune. The miner has not previously disclosed its supporters.
AJ Scaramucci told Fortune that Solari Capital contributed “more than $100 million,” though he did not reveal the exact amount. His father, Anthony Scaramucci, also participated in a smaller investment.
Other contributors include Tony Robbins, Cardano founder Charles Hoskinson, investor Grant Cardone and entrepreneur Peter Diamandis, per the report.
‘Very wide gap’ between interest in XRP and Solana Investor: Exec
The average investor has not a clear consensus was reached where crypto assets beyond the top two warrant serious attention, according to Anthony Bassili, president of Coinbase Asset Management.
“There is a very, very clear view in the investor community in terms of the right first portfolio is Bitcoin. The next is Bitcoin, Ethereum,” Bassili said in an interview with Cointelegraph at The Bridge Conference in New York City on Wednesday.
Bassili pointed out that Solana is “probably” the third property on the radar. “The market is not sure what the next asset they want to own after this,” he said, adding that after Solana, there was a “very wide gap” with XRP.
“We need to see the product market that fits the next network or the next application that will come in at the fourth position,” he added.
Steak ‘n Shake announces expansion into El Salvador
The American Fast Food Chain Company Steak ‘n Shake has announced that it is Expansion to El Salvador In an announcement on Saturday.
Steak ‘n Shake first began accepting BTC as a form of payment at its restaurant locations in May. The company announced on a Saturday x Post That was reinforced by El Salvador’s Bitcoin office:
“El Salvador is a great country. We are honored to be in the country of Bitcoin, serving beef tall fries and providing grass and wagyu beef tall cooking oil. The beginning of a beautiful friendship.”
The company became iconic in the Bitcoin community following the decision to accept BTC, which demonstrated the growing adoption of BTC as a payment method by merchants around the world.
