Trump Family Partners with ALT5 Sigma to Raise $1.5 Billion for WLFI Token

The Trump family's crypto venture, World Liberty Financial, plans to raise $1.5 billion through a partnership with ALT5 Sigma Corporation, a publicly listed company in the US.

  • Funds will be used for acquiring WLFI, the native token of World Liberty Financial.
  • ALT5 Sigma will sell 200 million new and existing shares to finance this purchase.
  • This initiative is part of the Trump family's strategy to access cryptocurrencies via publicly traded or blank-check companies.
  • Zach Witkoff will become chairman of ALT5 Sigma; Eric Trump will join the board.
  • Donald and Melania Trump launched their own memecoins, TRUMP and MELANIA, earlier this year.
  • World Liberty Financial supports Bitcoin mining under American Bitcoin, partnering with Hut 8.
  • Trump Media and Technology Group added $2 billion worth of Bitcoin to its balance sheet.
  • WLFI token holders approved making tokens tradable with 99.94% support from approximately 20,900 votes.

This decision could significantly impact the market value of WLFI and the financial interests of the Trump family.