Home ALT5 Sigma Corp. Joins Trump Family’s WLFI Crypto Strategy

ALT5 Sigma Corp. Joins Trump Family’s WLFI Crypto Strategy

Share
ALT5 Sigma Corp 3.0 TV
Virtual Digital Assets
Share

ALT5 Sigma Corp. has announced a $1.5 billion plan to make WLFI, the token of the Trump family’s World Liberty Financial project, a core corporate treasury asset. The company will acquire a 7.5% share of WLFI’s total supply, issuing 200 million shares split evenly between a direct offering and a private placement.

In the direct sale, 100 million shares will be sold to institutional investors at $7.50 each. In the private placement, another 100 million shares will be exchanged for WLFI tokens, currently priced at $0.3659.

Leadership changes will see World Liberty CEO Zach Witkoff become ALT5’s chairman, Eric Trump join as a director, co-founder Zak Folkman as board observer, and investor Matt Morgan as CIO. Proceeds from the cash portion will fund additional WLFI purchases, repay debt, settle litigation, and boost working capital.

The transaction, expected to close August 12, underscores ALT5’s deep commitment to integrating WLFI into its long-term crypto strategy.

Share

Leave a comment

Leave a Reply

Latest News

Core Scientific Targets $3.3B Bond Sale To Accelerate AI Pivot
News

Core Scientific Targets $3.3B Bond Sale To Accelerate AI Pivot

As it continues its shift to data centre operations centred on artificial intelligence, Core Scientific (CORZ) is getting ready to raise $3.3...

Revolut Eyes Massive $200B IPO Valuation
News

Revolut Eyes Massive $200B IPO Valuation

The Financial Times reported on Tuesday that the British crypto-friendly fintech company Revolut is aiming for a valuation of up to $200...

Polymarket Moves Into Perpetual Futures Trading
News

Polymarket Moves Into Perpetual Futures Trading

As part of a larger push into continuous, leveraged markets for American users, prediction market behemoth Polymarket is expanding its platform beyond...

New York Targets Coinbase & Gemini Over Prediction Markets, Coinbase Fights Back
News

New York Targets Coinbase & Gemini Over Prediction Markets, Coinbase Fights Back

A legal battle is heating up in the United States as New York authorities take aim at crypto platforms offering prediction market...

Latest Blogs

“Click, Token, Own!” Why RWA Is The Future Of Finance?

A financial revolution, RWA tokenization bringing real-world assets onto blockchain RWA tokenization increases accessibility, quickness and transparency, pushing markets to expand rapidly,...

Top 5 Ways To Spot The Best AI Coin

Artificial Intelligence (AI) is the talk of the town as it goes on to completely alter the intrinsic landscape of our industries...

Stablecoins Go Mainstream: How Hong Kong’s Bold Regulation Is Shaping Future Of Digital Finance

The word “stablecoin” is no longer limited to tech jargon in today’s quickly changing financial scene. It is now a structural component...

How Blockchain Is Revolutionizing Real Estate Market

Introduction The real estate business is seeing significant, long-term expansion, fueled by expanding urbanization and increased investments. As it is, the global...

Related Articles

“Click, Token, Own!” Why RWA Is The Future Of Finance?

A financial revolution, RWA tokenization bringing real-world assets onto blockchain RWA tokenization...

Top 5 Ways To Spot The Best AI Coin

Artificial Intelligence (AI) is the talk of the town as it goes...

Stablecoins Go Mainstream: How Hong Kong’s Bold Regulation Is Shaping Future Of Digital Finance

The word “stablecoin” is no longer limited to tech jargon in today’s...

How Blockchain Is Revolutionizing Real Estate Market

Introduction The real estate business is seeing significant, long-term expansion, fueled by...