Alt5 Sigma Raises $1.5B to Acquire Trump-Linked WLFI Token in Pivot to Crypto
Alt5 Sigma Corp, a Las Vegas-based firm formerly focused on biotech, is raising $1.5 billion through a share sale to amass World Liberty Financial (WLFI) tokens—a cryptocurrency tied to Donald Trump's family. The fundraising, set to close August 12, will position Alt5 as a publicly traded vehicle for indirect exposure to the Trump-linked asset.
Eric TRUMP and Zach Witkoff, co-founders of WLFI, will join Alt5's board and assume the chairman role respectively. The token's parent company is reportedly 40% owned by a Trump-family entity holding billions of WLFI tokens, according to corporate disclosures.