DRW Investments has bought nearly 4 million shares of Trump Media & Technology Group, worth $100 million

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ODAILY
06-14
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Planet Daily News: According to the Financial Times, DRW Investments, founded by American financial tycoon Don Wilson, has purchased nearly 4 million shares of Trump Media Technology Group, valued at approximately $100 million, becoming one of the top investors in the group's cryptocurrency bet. However, its competitor Jane Street is the largest investor in Trump Media Technology Group's cryptocurrency bet, having invested around $375 million. It is reported that DRW Investments is a major institutional participant in the crypto asset field and an investor in liquidity provider Cumberland. They hope the Trump administration will reconsider the regulatory authority of the US securities industry, having previously called for the establishment of a new regulatory body to replace the US Securities and Exchange Commission and the US Commodity Futures Trading Commission. As of now, Trump Media Technology Group has not responded to requests for comment on DRW Investments' investment.

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