Trump Media & Technology Group Secures $100 Million Investment From Chicago Trading Firm

In a significant move within the crypto finance sector, a Chicago trading firm has invested $100 million to acquire 4 million shares in Trump Media & Technology Group (TMTG). This investment comes just nine weeks after US regulators concluded a probe into the same firm, highlighting the firm's confidence in the crypto market despite recent regulatory scrutiny.

The deal is part of TMTG’s broader strategy to accumulate over $2.5 billion worth of Bitcoin. DRW Investments, the firm behind the investment, views Bitcoin as a valuable corporate asset and has been actively involved in the crypto space for over a decade. The company, founded and controlled by trading mogul Don Wilson, sees this investment as a straightforward way to support its belief in the value of holding Bitcoin on corporate balance sheets.

Jane Street, another prominent investor, has taken the lead with a $375 million stake in the Trump Group, making it the largest backer so far. Other institutional investors are also lining up to support TMTG’s ambitious plans. The company aims to raise $2.5 billion, with a significant portion of the funds earmarked for purchasing Bitcoin. If successful, TMTG could hold over 140,000 BTC at current prices, positioning itself as a major player in the crypto market.

On June 13, the Securities and Exchange Commission (SEC) declared TMTG’s registration statement for its Bitcoin Treasury offering effective. This milestone covers 56 million new shares of equity and 29 million in convertible notes, allowing the company to sell shares and raise the necessary capital. The approval also subjects TMTG to ongoing SEC reporting and oversight, ensuring transparency and regulatory compliance.

A DRW spokesperson has called for a reevaluation of the SEC and the Commodity Futures Trading Commission (CFTC), arguing that the current regulatory framework does not keep pace with global market changes. This sentiment reflects the broader industry’s push for more adaptive and forward-thinking regulations to support the growing crypto sector.

DRW’s crypto arm, Cumberland, has a notable history in the crypto market, having purchased 70,000 BTC in a US government auction of Silk Road assets. This stash is currently valued at approximately $7.7 billion, underscoring the firm’s deep involvement and success in the crypto space.