{"id":26655,"date":"2025-06-14T10:00:27","date_gmt":"2025-06-14T10:00:27","guid":{"rendered":"https:\/\/cryptd.in\/billionaire-snaps-up-100-million-of-trump-coin-details\/"},"modified":"2025-06-14T10:00:27","modified_gmt":"2025-06-14T10:00:27","slug":"billionaire-snaps-up-100-million-of-trump-coin-details","status":"publish","type":"post","link":"https:\/\/cryptd.in\/el\/billionaire-snaps-up-100-million-of-trump-coin-details\/","title":{"rendered":"Billionaire Snaps Up $100 Million Of Trump Coin \u2013 Details"},"content":{"rendered":"

US President Donald Trump\u2019s media group is making a big splash in crypto finance<\/a>. A Chicago trading firm put up $100\u202fmillion to buy 4\u202fmillion shares in Trump Media & Technology Group. That move comes just nine weeks after US regulators closed a probe into the same firm.<\/p>\n

Based on reports, the deal is tied to TMTG\u2019s plan to buy over $2.5\u202fbillion worth of Bitcoin.<\/p>\n

Big Bet On Trump Coin<\/h2>\n

According to the filing, DRW Investments<\/a> treats Bitcoin like any other corporate asset. The company \u2013 founded and controlled by trading mogul Don Wilson \u2013 said it has been active in crypto for more than a decade.<\/p>\n

It sees value in holding Bitcoin on its balance sheets. Buying into TMTG was, in its view, a straightforward way to back that idea.<\/p>\n

\n

News update from the swamp:<\/p>\n

\u201cAn American financier invested $100 million in the Trump family\u2019s flagship bitcoin project just nine weeks after a probe into his crypto business was dropped by the Trump administration.\u201d pic.twitter.com\/ibiLp38CNC<\/a><\/p>\n

\u2014 Jake M. Grumbach (@JakeMGrumbach) June 14, 2025<\/a><\/p>\n<\/blockquote>\n

\"Trump\"<\/p>\n

Institutional Backers Rally<\/h2>\n

Jane Street leads the pack with a $375\u202fmillion stake in the Trump Group<\/a>. That makes it the largest backer so far. Other investors are also lining up.<\/p>\n

Based on reports, TMTG\u2019s goal is to raise $2.5\u202fbillion and use much of that cash to buy Bitcoin. If all goes to plan, the firm could hold over 140,000\u202fBTC at current prices.<\/p>\n

\"\"
\nRegulatory Milestone Achieved<\/p>\n

On Friday, June 13, the SEC declared TMTG\u2019s registration statement for its Bitcoin Treasury offering effective. That covers 56\u202fmillion new shares of equity and 29\u202fmillion in convertible notes.<\/p>\n

Clearing this step means the company can sell shares and raise the cash it needs. It also subjects TMTG to ongoing SEC reporting and oversight.<\/p>\n

\"\"
\nVoice Of The Crypto Industry<\/p>\n

Meanwhile, a DRW spokesperson called for a fresh look at the SEC and CFTC. The firm argued that the current regulators don\u2019t match the pace of global market changes.<\/p>\n

Over the years, DRW\u2019s crypto arm, Cumberland, bought 70,000\u202fBTC in a US government auction of Silk Road assets. That stash is worth about $7.7\u202fbillion today.<\/p>\n

Featured image from Digital Watch Observatory, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

US President Donald Trump\u2019s media group is making a big splash in crypto finance. A Chicago trading firm put up $100\u202fmillion to buy 4\u202fmillion shares in Trump Media & Technology Group. That move comes just nine weeks after US regulators closed a probe into the same firm. Based on reports, the deal is tied to […]<\/p>\n","protected":false},"author":1,"featured_media":26657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nBillionaire Snaps Up $100 Million Of Trump Coin \u2013 Details - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/el\/billionaire-snaps-up-100-million-of-trump-coin-details\/\" \/>\n<meta property=\"og:locale\" content=\"el_GR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Billionaire Snaps Up $100 Million Of Trump Coin \u2013 Details - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"US President Donald Trump\u2019s media group is making a big splash in crypto finance. 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