DRW Investments Acquires Nearly 4 Million Shares of Trump Media & Technology Group Worth $100 Million

According to Odaily Planet Daily, as disclosed by the Financial Times, DRW Investments, the 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. This makes DRW 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 the liquidity provider Cumberland. The firm hopes that a Trump administration will reconsider the regulatory authority over the U.S. securities industry, having previously 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.