ALT5 Sigma to raise $1.5B for first World Liberty Financial corporate treasury
Main Idea
ALT5 Sigma is raising $1.5 billion through a share sale to fund a corporate treasury focused on Trump-backed World Liberty Financial (WLFI) tokens, with half the amount in cash and half in WLFI tokens.
Key Points
1. ALT5 Sigma is selling 200 million shares for $1.5 billion to support its WLFI corporate treasury initiative.
2. The fundraising includes $750 million in cash and $750 million worth of WLFI tokens exchanged for $0.01.
3. WLFI, backed by the Trump family, is exploring becoming a publicly traded company to hold its tokens.
4. ALT5 Sigma's stock fell 9.8% at publication but had risen over 19% in the last five days.
5. The move reflects a broader trend of companies expanding into non-Bitcoin digital asset treasuries.
Description
ALT5 Sigma is raising $1.5 billion through a 200 million-share sale to fund a corporate treasury centered on Trump-backed World Liberty Financial tokens.
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