Trump-Linked Entities Profit $500M Through Crypto Deal Involving WLFI Token

The Trump family has orchestrated a $500 million crypto windfall through a complex deal involving World Liberty Financial and Alt5 Sigma. World Liberty, a private firm launched by Donald Trump last year, acquired Alt5—a payments company that recently pivoted from pain medication sales to cryptocurrency. Post-acquisition, Alt5 raised $750 million from investors and funneled the capital into WLFI tokens, a proprietary cryptocurrency created by World Liberty.

The transaction effectively allowed the TRUMP family to sell its own token to a controlled entity, with 75% of WLFI revenue cycling back to Trump-affiliated accounts. World Liberty installed new leadership at Alt5, including Zach Witkoff as chairman and Eric Trump as a board member. The firms celebrated the deal by ringing Nasdaq's opening bell on August 13.

Alt5 plans to emulate MicroStrategy's Bitcoin accumulation strategy by building a WLFI treasury. Unlike MicroStrategy's BTC purchases, this scheme involves a token directly benefiting Trump-linked entities. The arrangement raises questions about self-dealing in the rapidly evolving intersection of political influence and cryptocurrency markets.