An American financier invested $100mn in the Trump family’s flagship bitcoin project just nine weeks after a probe into his crypto business was dropped by the Trump administration.
DRW Investments, a Chicago-based company founded and controlled by trader Don Wilson, bought almost 4mn shares in Trump Media & Technology Group last month, according to public filings, as part of a funding round for the purchase of more than $2bn in cryptocurrency.
The investment in TMTG, which is behind the Truth Social app and controlled by the US president’s family, makes DRW among the biggest financiers of the group’s crypto bet.
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