DRW purchased nearly 4 million shares of DJT stock last month to participate in the $2.3 billion Bitcoin reserve plan financing.

On June 14, according to public documents, DRW Investments, a Chicago company founded and controlled by trader Don Wilson, purchased nearly 4 million shares of Trump Media & Technology Group last month as part of a funding round for the purchase of over $2 billion in Crypto Assets. Notably, 9 weeks ago (in March of this year), a crypto liquidity provider controlled by Wilson, Cumberland, received a stay from the SEC, which dismissed a civil suit brought by the Biden administration that alleged the company acted as an unregistered Crypto Assets dealer, selling Crypto Assets as securities. DRW stated: “We are a major institutional player in the Crypto Assets space with over a decade of history. We have employed various strategies within the crypto ecosystem, and we see the benefits of holding Bitcoin on the company’s balance sheet. This transaction is viewed purely from that perspective.”