The Trump family #WorldLibertyFinancial company's coin stock ALT5 raised $1.5 billion to establish $WLFI. The financier of the treasury has finally appeared.
It is two hedge funds: Point72 and ExodusPoint.
Among them, Point72 disclosed holding 4% of Alt5 Sigma shares, worth nearly $26.7 million.
ExodusPoint has also established a slightly smaller but equally important position.
These two hedge funds are traditional funds, so the ALT5 shares they hold should have been purchased with USD in a private placement when ALT5 officially announced the fundraising of $1.5 billion last week.
The USD cash flow entered the ALT5 company's capital pool, becoming the ammunition for this listed company to continuously increase its positions in purchasing $WLFI tokens and establishing a treasury.
Point72's entry into the Alt5 Sigma field means that the fund has broken through traditional investment pools and shifted its bets to crypto infrastructure. As a fund under Cohen, Point72 is known for its aggressive trading style and diversified alternative strategies.
ExodusPoint has also been actively laying out in the digital asset field in recent years, quickly growing into one of the fastest-expanding hedge funds.
After the news of the two hedge funds entering ALT5 broke today, ALT5's stock price continued to decline, partly due to the overall drop in the U.S. stock market today, and also related to the fact that these two hedge funds invested too little in ALT5—together, at most $50 million, which isn't enough to create a significant positive impact.
However, next time there may be bigger financiers joining the ranks of ALT5 shareholders.
