However, critics have raised concerns about potential conflicts of interest due to the Trump family's involvement in TMTG.

Jane Street remains the largest backer of TMTG, having invested $375 million, reflecting growing institutional interest in the company.

On June 14, 2025, DRW Investments announced a significant $2 billion investment in Trump Media & Technology Group (TMTG), acquiring nearly 4 million shares as part of a cryptocurrency funding round.

This investment follows the closure of a regulatory probe into DRW, which has been a major player in the crypto space.

The investment was made possible by the SEC's approval of TMTG's registration statement for its Bitcoin Treasury offering, which includes 56 million new shares and 29 million in convertible notes.

This registration allows TMTG to raise funds through share sales while placing the company under ongoing SEC oversight.

TMTG aims to raise $2.5 billion, which could potentially enable the company to hold over 140,000 Bitcoins at current market prices.

As part of its strategy, TMTG's Truth Social platform plans to launch its own Bitcoin ETFs, competing with established firms like BlackRock and Fidelity.

This investment aligns with the Trump administration's pro-crypto stance, with President Trump advocating for the U.S. to become a 'crypto capital'.

The timing of this deal raises questions, as it comes shortly after the Trump administration concluded its investigation into DRW.

Regulatory bodies have eased oversight of the crypto industry under the Trump administration, benefiting firms like TMTG.

DRW Investments, founded by Don Wilson, has emphasized the value of holding Bitcoin on corporate balance sheets, framing this investment as part of a broader corporate strategy.