A Tiny Investment Bank Linked to Trump’s Sons Helped Set Up $120 Million Trading Gain

A tiny investment bank where Donald Trump Jr. and Eric Trump work as advisers helped an obscure toymaker pivot into crypto this week, sending its shares up more than 500%. The run-up generated more than $120 million in gains on a stock bet the same bank helped arrange last month.

The quick profit is the result of two transactions that the bank, Dominari Holdings Inc., handled within four weeks. First Dominari helped an investment fund run by one of its senior executives buy a stake in money-losing toymaker SRM Entertainment Inc. Then on Monday, SRM unveiled plans to transform into Tron Inc., bringing on cryptocurrency entrepreneur Justin Sun as an adviser and building up a stash of virtual tokens in another transaction handled by Dominari. The toymaker’s stock jumped past $9 on Monday, up from less than $2 at the end of last week. It’s now above $7.