ALT5 Sigma raises $1.5 Billion for a massive Treasury strategy in the Family token #TRUMP
A New Strategy is born with #WLFI ?
#ALT5Sigma Corporation, a financial technology firm listed on Nasdaq, is about to make a significant move in the crypto-treasury space. The company is raising $1.5 billion to launch a massive treasury strategy, aiming to own approximately 7.5% of the total supply of the World Liberty Financial (WLFI) token, a cryptocurrency backed by the family of #DonaldTrump
The fundraising will take place through a registered direct offering and a private placement, issuing up to 200 million shares at $7.50 each.
High Profile Investors: The private placement will be financed with WLFI tokens from World Liberty Financial itself, the main investor. ALT5 has indicated that among the participants are some of the "largest institutional investors in the world and prominent cryptocurrency venture capital firms".
Leadership of the Trump Family: As part of the agreement, Zach Witkoff, co-founder of WLFI, will chair the board of ALT5. Additionally, #EricTrump will join as a director, and other WLFI executives will hold key roles in the company's leadership.
ALT5 becomes the first treasury asset company (DAT) to focus its strategy on the WLFI token, joining the growing trend of public companies accumulating cryptocurrencies as reserve assets.