What to know:
- ALT5 Sigma, in a move that could make even the most stoic bureaucrat chuckle, is hoarding WFLI tokens like a squirrel preparing for winter, claiming it will clutch a whopping 7.5% of the total supply for its corporate treasury. 🐿️
- In a dazzling display of financial acrobatics, ALT5 will issue 200 million shares, half of which will be sold for cash (because who doesn’t love a little green?) and the other half in a private placement, paid in WLFI tokens. 💵
- ALT5, with the Trump family’s political clout and WLFI’s market growth in its sights, aims to fund debt repayment, litigation settlements, and the grand expansion of its crypto operations. Because why not throw a party while juggling flaming torches? 🎪
ALT5 Sigma Corp. (ALTS), in a move that could only be described as audacious, has announced its intention to load up on WLFI tokens in a $1.5 billion deal. This will see the Trump family’s crypto venture, World Liberty Financial, become a core treasury asset. Who knew politics and crypto could tango so well? 💃
The company has declared it will issue and sell 200 million shares, splitting them between a direct offering and a private placement to fund this extravagant purchase. ALT5 will be left clutching 7.5% of the total WLFI supply, a feat that would make even the most seasoned investor raise an eyebrow. 🤨
In a twist that could only be scripted by a master playwright, World Liberty CEO Zach Witkoff will ascend to the throne as chairman of ALT5’s board, while Eric Trump will don the director’s hat. Co-founder Zak Folkman will take on the role of board observer (because who doesn’t love a good show?), and crypto investor Matt Morgan will step in as chief investment officer. 🎩
ALT5 Sigma plans to sell 100 million shares to institutional investors for $7.50 each, and another 100 million in a private placement in exchange for WLFI tokens. WLFI was recently priced at $0.3659, according to CoinGecko data. The financing is expected to close on August 12, just in time for a summer barbecue! 🍔
Proceeds from the cash portion of this grand spectacle will fund crypto treasury operations, buy additional WLFI tokens, pay down debt, settle litigation, and bolster working capital. Because who doesn’t want to be financially nimble while dancing on the edge of chaos? 💃🕺
Founded in 2018, ALT5 operates the crypto payment platform ALT5 Pay and the over-the-counter trading desk ALT5 Prime, boasting over $5 billion in processed digital asset transactions. Quite the impressive resume, wouldn’t you say? 📜
By making WLFI a cornerstone of its balance sheet, ALT5 is betting that the token’s fortunes will be buoyed by both crypto market momentum and the Trump family’s political cachet – a gamble that could hinge as much on the 2025 campaign trail as on Wall Street. Talk about a high-stakes poker game! 🃏
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2025-08-11 18:50