DRW Investments has purchased nearly 4 million shares of Trump Media Technology Group stock worth $100 million

Golden Finance reported that according to the Financial Times, DRW Investments, an investment company founded by American financial tycoon Don Wilson, has bought nearly 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 bets. However, its competitor Jane Street is the largest investor in Trump Media Technology Group's cryptocurrency bets and has invested about $375 million. It is reported that DRW Investments is a major institutional participant in the cryptocurrency sector and an investor in liquidity provider Cumberland. They hope that the Trump administration will reconsider the regulatory authority of the US securities industry. They have previously called for the establishment of a new regulatory agency to replace the US Securities and Exchange Commission and replace the US Commodity Futures Trading Commission. As of now, Trump Media Technology Group has not responded to DRW Investments' request for comment.