DRW Investments, a Chicago-based firm led by trader Don Wilson, acquired nearly 4 million shares in Trump Media & Technology Group during a recent fundraising round that raised over $2 billion in cryptocurrency, according to public disclosures reported by COINOTAG on June 14. This strategic investment underscores DRW’s expanding footprint in the crypto sector.
Earlier this year, in March, Wilson’s crypto liquidity provider, Cumberland, successfully navigated regulatory challenges when the U.S. Securities and Exchange Commission dismissed a civil lawsuit alleging unregistered broker activities. This regulatory reprieve highlights the evolving compliance landscape for crypto asset firms under increased scrutiny.
DRW emphasized its long-standing institutional presence in the crypto market, leveraging diverse strategies within the ecosystem. The firm specifically noted the benefits of maintaining Bitcoin holdings on its corporate balance sheet, framing the recent transaction as a calculated move aligned with its broader asset management objectives.