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Aug 11, 06:56 PM
Nasdaq-Listed ALT5 Sigma Raises $1.5 Billion for WLFI Treasury Strategy, Eric Trump Joins Board, Holds 7.5% Token Supply
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Nasdaq-Listed ALT5 Sigma Raises $1.5 Billion for WLFI Treasury Strategy, Eric Trump Joins Board, Holds 7.5% Token Supply

Authors
  • CoinMarketCap
  • Bitcoin.com News
  • Cointelegraph
29

ALT5 Sigma Corporation, a Nasdaq-listed fintech company, has raised $1.5 billion through a registered direct offering and concurrent private placement to initiate a treasury strategy centered on the World Liberty Financial (WLFI) token. The fundraising is led by World Liberty Financial, a crypto venture backed by the Trump family, which will subscribe to approximately 7.5% of the total WLFI token supply. Following the transaction, ALT5 Sigma will hold about 7.5% of WLFI tokens as part of its corporate treasury, making it the first company to include WLFI alongside Bitcoin and Ethereum on its balance sheet. Eric Trump has joined ALT5 Sigma's board, with Zach Witkoff appointed as chairman. The move marks a strategic pivot for ALT5 Sigma from its previous focus on chronic pain treatment to blockchain-powered digital asset trading, payment processing, and custody services. The WLFI token is poised for launch, with the pre-market fully diluted valuation reaching $36 billion. This development was highlighted by a joint ringing of the Nasdaq opening bell by World Liberty Financial and ALT5 Sigma executives, signaling a convergence of traditional financial markets and digital asset innovation.

Written with ChatGPT (GPT-4).

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