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Nasdaq-Listed Giant Announces $1.5 Billion Investment Plan for Trump-Backed Altcoin!

Altcoins
By admin
0 14

Nasdaq-Listed Giant Announces $1.5 Billion Investment Plan for Trump-Backed Altcoin!

ALT5 Sigma Corporation, backed by US President Donald Trump’s sons Eric Trump and Donald Trump Jr., announced the completion of $1.5 billion in financing to launch a treasury strategy focused on WLFI, the native token of World Liberty Financial.

Nasdaq-listed ALT5 Sigma aims to purchase approximately 7.5% of the total supply of the WLFI token and adopt a WLFI Treasury Strategy.

WLFI CEO Zach Witkoff appointed as ALT5 President, Eric Trump joins as Director, and Kraken will serve as asset manager

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The company plans to allocate the raised funds to debt repayments, litigation resolution, and general corporate expenses, in addition to planned WLFI token purchases.

World Liberty Financial co-founder and CEO Zach Witkoff will become chairman of ALT5 Sigma’s board, while Eric Trump will join the company as an executive.

Matt Morgan, ALT5’s chief investment officer, added that the company will swap half of the newly issued shares directly for WLFI, held by World Liberty Financial, setting the token’s value at $0.20.

*This is not investment advice.

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