Trump-Backed Crypto Token WLFI Has a Treasury Company. Here’s What That Means.
Key Takeaways
- A company called ALT5 Sigma plans a treasury that will hold Trump-backed World Liberty Financial’s tokens.
- The move is reminiscent of how Strategy was transformed into a bitcoin proxy stock after its then-CEO, now chairman, Michael Saylor, initiated its bitcoin-buying spree.
- WLFI tokens, previously non-transferable, are expected to start trading as soon as end of the month.
There are Bitcoin treasuries. There are ether treasuries. And, now, there’s a WLFI treasury.
A stock-and-token deal announced earlier this week will effectively turn a publicly traded company into a proxy for the Trump family-backed World Liberty Financial coin, known as “WLFI.” ALT5 Sigma (ALTS), originally a health-tech company, raised $1.5…
