Trump Media Protects $100M Investment From DRW to Fund Its $2.5 Billion Bitcoin Bet
Trump Media has recently secured a massive $100 million financial investment from Don Wilson’s DRW Investments. According to a public filing, the Chicago-based trading company acquired 4 million shares in Trump Media & Innovation Group (TMTG) to support the Trump family’s plan to invest over $2.5 billion in Bitcoins.
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Trump Media Continues to Secure More Bitcoin Backers
Trump family’s TMTG Group is attracting more backers for its $2.5 billion Bitcoin Treasury strategy. SEC Authorizes TMTGs’ BTC Treasury Registration
On Friday, June 13, the U.S. Securities and Exchange Commission (SEC) approved the registration statement for Trump Media’s Bitcoin Treasury deal. Last week, the Trump family’s TMTG group announced raising $12 billion, mentioning potential Bitcoin purchases.