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A Chicago trading firm has invested $100 million in Trump Media & Technology Group (TMTG), signaling strong institutional backing for its Bitcoin-focused strategy. The move follows the closure of a regulatory probe into the firm and aligns with TMTG’s plan to acquire $2.5 billion worth of Bitcoin. The SEC has also greenlit TMTG’s registration for a Bitcoin Treasury offering, marking a key regulatory milestone.
- DRW Investments invested $100M in TMTG, aligning with its Bitcoin treasury strategy, just weeks after a regulatory probe into DRW was closed.
- TMTG's SEC-approved Bitcoin Treasury offering allows it to raise funds via 56M shares and 29M convertible notes, subjecting it to ongoing oversight.
- Jane Street leads institutional backing with a $375M stake, while DRW's Cumberland previously acquired 70,000 BTC in a US government auction.
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