DRW Investments acquires nearly 4 million shares of Trump Media & Technology Group worth $100 million

According to the Financial Times, DRW Investments, an investment firm founded by American financial magnate Don Wilson, has acquired nearly 4 million shares of Trump Media & Technology Group, valued at approximately $100 million, making it one of the leading investors in Trump Media & Technology Group’s cryptocurrency ventures. However, its competitor Jane Street is the largest investor in Trump Media & Technology Group’s cryptocurrency bets, having invested around $375 million.

DRW Investments is a major institutional participant in the crypto asset sector and is also an investor in Cumberland, a prominent liquidity provider. They hope that a Trump administration would reconsider the regulatory authority over the U.S. securities industry. Previously, they have called for the establishment of a new regulatory body to replace both the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission. As of now, Trump Media & Technology Group has not responded to DRW Investments’ request for comment regarding the investment.