Summary
- It has been confirmed that DRW Investments invested $100 million in Trump Media.
- It is stated that this investment amount is expected to be used to support Trump Media's $2 billion Bitcoin (BTC) project.
- It was reported that the investment took place nine weeks after the SEC withdrew allegations of unregistered virtual asset (cryptocurrency) sales against DRW's subsidiary, Cumberland.
DRW Investments, led by American financier Don Wilson, has been confirmed to have invested in Trump Media, which is run by the family of former U.S. President Donald Trump.
According to the Financial Times (FT) on the 14th (local time), DRW Investments invested $100 million in Trump Media. This amount is expected to be used to support Trump Media's $2 billion Bitcoin (BTC) project.
This investment took place just nine weeks after the U.S. Securities and Exchange Commission (SEC) withdrew allegations against DRW's subsidiary, Cumberland, regarding the unregistered sale of virtual assets (cryptocurrencies).
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
