Scaramucci family invested over $100M in American Bitcoin

Solari Capital, led by AJ Scaramucci, has invested more than $100 million in US bitcoin today, a cryptocurrency executive eyeing the outlook for investors outside of bitcoin and ethereum. Meanwhile, Steak ‘n Shake announces expansion into El Salvador.

Scaramucci Family Invests Over $100M in Trump’s Bitcoin Mining Firm: Report

The Scaramucci family invested over 100 million dollars to US Bitcoin, a mining company linked to US President Donald Trump’s sons.

The funding came through Solari Capital, an investment firm founded by AJ Scaramucci, which led the company’s $220 million round in July, months earlier. US Bitcoin entered the stock market through a reverse merger in September, according to a Fortune report. The miner has not previously disclosed his backers.

AJ Scaramucci told Fortune that Solari Capital contributed “over $100 million,” though he did not disclose the exact amount. His father Anthony Scaramucci also participated in smaller investments.

Other contributors included Tony Robbins, Cardano founder Charles Hoskinson, investor Grant Cardone and entrepreneur Peter Diamandis, according to the report.

“Very Wide Gap” Between XRP and Solana Investor Interest: Exec

The average investor still doesn’t reached a clear consensus according to Anthony Bassili, president of Coinbase Asset Management, which crypto assets outside of the top two deserve serious attention.

“There is a very, very clear view in the investment community that the right first portfolio is Bitcoin. Next is Bitcoin, Ethereum,” Bassili said during an interview with Cointelegraph at The Bridge conference in New York on Wednesday.

Bassili pointed out that Solana is “maybe” the third asset on the radar. “The market is very uncertain about what the next asset is that they want to own after that,” he said, adding that there is a “very wide gap” for XRP after Solana.

“We have to see how the product market fits for the next network or the next application that enters that fourth position,” he added.

Steak ‘n Shake announces expansion into El Salvador

American fast food chain Steak ‘n Shake announced that it did expanding into El Salvador on Saturday in an announcement.

Steak ‘n Shake first started accepting BTC as a payment method at its restaurants in May. The company announced on Saturday X post this was amplified by the Bitcoin Authority of El Salvador:

“Salvador is a great country. We were honored to be in the land of bitcoins, serving beef tallow fries and giving away Wagyu grass and tallow cooking oil. The beginning of a beautiful friendship.”

The company became an icon in the Bitcoin community after it decided to accept BTC, showing the growing acceptance of BTC as a payment method by merchants around the world.