
PANews|Jun 14, 2025 05:07
Investment firm DRW Investments buys approximately $100 million worth of stock in Trump Media Technology Group
According to the Financial Times, DRW Investments, an investment company owned by American financial tycoon Don Wilson, has purchased approximately 4 million shares of Trump Media Technology Group's stock, worth about $100 million, making it one of the top investors in Trump Media Technology Group's cryptocurrency bet. But its competitor Jane Street is the largest investor in Trump Media Technology Group's cryptocurrency bet and has invested approximately $375 million. DRW Investments is a major institutional participant in the cryptocurrency industry, and it hopes the Trump administration will reconsider the regulatory authority of the US securities industry. It has previously called for the establishment of a new regulatory agency to replace the US SEC and the Commodity Futures Trading Commission.
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