DRW Investments purchased nearly 4 million shares of Trump Media & Technology Group stock, valued at approximately 100 million USD.

According to ChainCatcher, citing the Financial Times, DRW Investments, an investment firm founded by American financial tycoon Don Wilson, has purchased nearly 4 million shares of Trump Media & Technology Group stock, valued at approximately 100 million USD, becoming one of the major investors in the group's cryptocurrency bets.

Its competitor, Jane Street, is the largest investor in the group's cryptocurrency ventures, having invested about 375 million USD.

DRW Investments is a key institutional player in the crypto asset sector and an investor in liquidity provider Cumberland. They hope the Trump administration will reconsider the regulatory authority over the U.S. securities industry and have called for the establishment of a new regulatory agency to replace the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

As of now, Trump Media & Technology Group has not responded to requests for comment regarding DRW Investments' investment.