Trump Family #WorldLibertyFinancial Company’s Coin Stock ALT
5 Sigma (stock code $ALT5) officially announced last week that it raised 1.5 billion USD to establish the $WLFI treasury with two major investors, who finally made their appearance today.
They are two hedge funds: Point72 and ExodusPoint.
Among them, Point72 disclosed that it holds 4% of ALT5 Sigma’s shares, valued at nearly 26.7 million USD.
ExodusPoint has also established a slightly smaller but equally significant position.
Both of these hedge funds are traditional funds, so their holdings of ALT5 Sigma shares should have been purchased through a private placement in USD when ALT5 Sigma officially announced the 1.5 billion USD fundraising last week.
The USD cash flow entered ALT5 Sigma’s capital pool, becoming the ammunition for this publicly listed company to continuously increase its position by purchasing $WLFI tokens and establishing a treasury.
Point72’s entry into the ALT5 Sigma space signifies that the fund has broken through traditional investment pools, shifting its bets towards crypto infrastructure. As a fund under Cohen, Point72 is known for its aggressive trading style and diversified alternative strategies.
ExodusPoint has also been actively positioning itself in the digital asset space in recent years and has rapidly grown to become one of the fastest-expanding hedge funds.
After the news of these two hedge funds entering ALT5 Sigma broke today, the stock price of $ALTS continues to decline. This is not only due to the overall drop in the U.S. stock market today but also related to the fact that these two hedge funds have invested too little in ALT5 Sigma. Together, they invested a maximum of 50 million USD, which is not enough to generate a significant positive impact.
However, the next time, perhaps there will be larger investors joining the ranks of ALT5 Sigma’s shareholders.