Trump family crypto business announces $1.5 billion treasury company for World Liberty Financial token
The Trump family’s crypto business, World Liberty Financial, is using a publicly listed company, ALT5 Sigma Corp., to raise $1.5 billion for the purchase of its WLFI token. In a press release on Monday, ALT5 Sigma announced that it would sell a combination of 200 million new and existing shares and use the proceeds to buy the Trump family token.
The move represents an effort by the Trump family to capitalize on a recent trend of using either small publicly traded or blank-check companies to let a broader swath of traders gain exposure to cryptocurrencies.
The strategy was first popularized by Michael Saylor, who renamed his decades-old software company MicroStrategy to Strategy as he transformed it into a Bitcoin behemoth. He…
