Eric Trump Joins Crypto Firm Alt5 Sigma Amid $1.5B Deal 🤑

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Oh, what a delightful twist of fate! Eric Trump, the President’s son-perhaps better known for his appearances in tabloids than treasury strategies-has joined Alt5 Sigma as one of its directors. How very… diverse of him.

Crypto firm Alt5 (Nasdaq: ALTS) has managed to scrape together a cool $1.5 billion, presumably after raiding the couch cushions of every Wall Street magnate they could find. Their plan? To purchase roughly 7.5% of all World Liberty Financial Inc. (WLFI) tokens in existence. Yes, dear reader, they’re going full-on “crypto hoarder.” According to their oh-so-official Monday press release, this will establish a WLFI treasury strategy. What exactly is a treasury strategy, you ask? Why, it’s either a brilliant masterstroke or just another way to make spreadsheets look important. 😉

The total supply of WLFI tokens, per their website, is fixed at 100 billion. So naturally, Alt5 plans to acquire about 7.5 billion of them. One can only imagine the champagne corks popping in celebration-or perhaps it’s just the sound of everyone nervously waiting to see if this gamble pays off. 🍾

Founded in 2018, Alt5 specializes in creating technologies that bridge crypto and traditional finance. A noble endeavor, indeed! The company runs a payments gateway for merchants who wish to incorporate cryptocurrencies into their businesses-a service no doubt greeted with open arms by shopkeepers everywhere. They also operate an over-the-counter crypto trading platform, because apparently, even cryptic transactions need a touch of exclusivity. 😏

According to the same press release, Alt5 will sell 100 million of its common stock in a registered direct offering and another 100 million shares privately at $7.50 apiece. That’s right: two offerings, one goal-to raise enough money to buy tokens, fund operations, and pay off outstanding debt. Truly, capitalism at its finest. Alt5 expects the transaction to close on August 12, which gives us just enough time to place bets on whether this ends in triumph or tears. 🎲

“It’s official,” the company tweeted on X (formerly Twitter), “We’re announcing a $1.5BN offering to establish a transformational $WLFI treasury strategy.” Transformational, you say? How positively poetic. And let’s not forget the pièce de résistance: joining the board alongside Eric Trump are World Liberty Financial’s Zach Witkoff and Zak Folkman as a board observer. One wonders if Eric brought his own gavel-or borrowed one from Mar-a-Lago. 🪓

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2025-08-11 19:15