ALT5 Sigma Corp. (ALTS) said it plans to load up on WLFI tokens in a $1.5 billion deal that will see the token of the Trump family’s crypto venture, World Liberty Financial, become a core treasury asset.
The company said it will issue and sell 200 million shares, split between a direct offering and a private placement, to fund the purchase. The move will leave ALT5 holding 7.5% of the total WLFI supply, it said.
World Liberty CEO Zach Witkoff will become chairman of ALT5's board, Eric Trump will become a director of the company, co-founder Zak Folkman will become a board observer and crypto investor Matt Morgan will take over as chief investment officer.
ALT5 Sigma will 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 Aug. 12.
Proceeds from the cash portion of the deal will fund crypto treasury operations, buy additional WLFI tokens, pay down debt, settle litigation and bolster working capital.
Founded in 2018, ALT5 operates crypto payment platform ALT5 Pay and over-the-counter trading desk ALT5 Prime, claiming over $5 billion in processed digital asset transactions.
By making WLFI a cornerstone of its balance sheet, ALT5 is betting that the token’s fortunes will be lifted by both crypto market momentum and the Trump family’s political cachet — a wager that could hinge as much on the 2025 campaign trail as on Wall Street.
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