Billionaire Drops $100M on Trump Coin – Here’s Why It’s Shaking Crypto Markets
A high-profile billionaire just made a nine-figure bet on Trump Coin—sending shockwaves through the crypto space. Was it a political play, a speculative gamble, or just another rich guy chasing volatility? Let’s break it down.
The $100 million purchase instantly juiced trading volume, proving once again that nothing pumps a token like a whale with deep pockets and questionable timing. Meme coins? Stable fundamentals? Who needs ’em when you’ve got celebrity hype and a dash of partisan fervor.
Love it or hate it, the move underscores crypto’s enduring truth: money talks louder than whitepapers. And if history’s any guide, retail traders will now FOMO in—right before the next ‘unexpected’ correction.
Big Bet On Trump Coin
According to the filing, DRW Investments treats Bitcoin like any other corporate asset. The company – founded and controlled by trading mogul Don Wilson – said it has been active in crypto for more than a decade.
It sees value in holding bitcoin on its balance sheets. Buying into TMTG was, in its view, a straightforward way to back that idea.
News update from the swamp:
“An American financier invested $100 million in the TRUMP family’s flagship bitcoin project just nine weeks after a probe into his crypto business was dropped by the Trump administration.” pic.twitter.com/ibiLp38CNC
— Jake M. Grumbach (@JakeMGrumbach) June 14, 2025
Institutional Backers Rally
Jane Street leads the pack with a $375 million stake in the Trump Group. That makes it the largest backer so far. Other investors are also lining up.
Based on reports, TMTG’s goal is to raise $2.5 billion and use much of that cash to buy Bitcoin. If all goes to plan, the firm could hold over 140,000 BTC at current prices.
On Friday, June 13, the SEC declared TMTG’s registration statement for its Bitcoin Treasury offering effective. That covers 56 million new shares of equity and 29 million in convertible notes.
Clearing this step means the company can sell shares and raise the cash it needs. It also subjects TMTG to ongoing SEC reporting and oversight.
Meanwhile, a DRW spokesperson called for a fresh look at the SEC and CFTC. The firm argued that the current regulators don’t match the pace of global market changes.
Over the years, DRW’s crypto arm, Cumberland, bought 70,000 BTC in a US government auction of Silk Road assets. That stash is worth about $7.7 billion today.
Featured image from Digital Watch Observatory, chart from TradingView
