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It says "107.21 M USD EQUIVALENT" without any evidence. I highly doubt that amount is legitimate.

Or they may be laundering money as well, I wouldn't spend too much time thinking on this.

It's done by taking the amount of Ether it has already raised * the current price of Ether. See it transparently on the Ethereum blockchain: http://etherscan.io/token/TheDAO

So yes, not $100M at all. The market for Ether is about as liquid as that for my own imaginary currency.

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