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A financial infrastructure firm is planning to raise up to $1.5 billion to establish a World Liberty Financial treasury, according to a Monday statement from the company behind the sale—a move that could stoke investor interest in the asset as it is poised to become tradable.
ALT5 Sigma Corporation, a publicly traded company, will issue and sell 100 million of its common stock shares to investors in a private placement. The shares will be priced at $7.50 each, and the sale is expected to close on August 12.
The firm will use the expected $1.5 billion in sale proceeds to purchase $WLFI, in addition to settling litigation, paying its debts and funding its existing operations, according to ALT5 Sigma’s statement.
U.S. President Donald Trump’s son Eric will serve as ALT5’s Director of the Board when the stock sale is closed. World Liberty Financial CEO Zach Witkoff, the son of presidential advisor Steve Witkoff, has been appointed the chairman of the board.
WLFI is the native token of the World Liberty Financial DeFi platform founded by Eric and Donald Jr. in 2024.
The common stock sale comes a few weeks after World Liberty Financial signaled its intention to make WLFI tradable in the near future for the token’s early adopters. The cryptocurrency has been locked up since its $590 million pre-sale in 2024.
That change in WLFI’s exchangeability could stoke investor interest in the token and pump the asset’s value—a boon for ALT5 Sigma and other large holders of the token, including the Trump family which holds a multi-billion-dollar stake in the project.
Alt5 Sigma shares are trading at $9.20 as of writing time, up 2.5% over the past 24 hours, according to Yahoo Finance data.
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