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Financial technology firm ALT5 Sigma has launched a $1.5 billion capital raise through a dual-track securities offering to establish what it claims will be the first corporate treasury dedicated to World Liberty Financial (WLFI) tokens. The Trump family-endorsed cryptocurrency project has gained significant attention in recent weeks as institutional interest in non-Bitcoin digital asset holdings grows.
The company filed documents with the SEC on Monday outlining two simultaneous transactions: a registered direct offering of 100 million shares at $7.50 each and a private placement of an additional 100 million shares at the same price. The move comes just days after reports surfaced about WLFI's plans to create a publicly traded vehicle for its tokens.
Notably, ALT5 Sigma will acquire $750 million worth of WLFI tokens in exchange for equity instruments, including 1 million common shares and 99 million pre-funded warrants. The transaction represents one of the largest corporate cryptocurrency acquisitions since MicroStrategy began its Bitcoin accumulation strategy.
Investors showed mixed reactions to the news, with ALT5 Sigma's stock (NASDAQ: ALTS) dropping nearly 10% in early trading before recovering some losses. The volatility reflects ongoing uncertainty about crypto treasury models beyond Bitcoin, despite the company's shares having gained 19% over the previous five trading sessions.
——This marks a pivotal test for altcoin-focused corporate strategies—— said a fintech analyst who requested anonymity due to company policy. ——While Bitcoin treasuries have proven viable, newer token projects carry different risk profiles.——
The deal highlights a growing movement among public companies to diversify into various digital assets. Recent data shows corporate Ethereum holdings recently surpassed 3 million ETH (worth approximately $13 billion), while firms like Verb Technology have seen massive stock surges after announcing treasury plans for lesser-known tokens.
【Key Data Point】: ALT5 Sigma's planned $1.5 billion raise would make it the third-largest corporate crypto treasury after MicroStrategy and Tesla if fully executed.
Regulatory filings indicate the company intends to use cash proceeds from the offerings to further expand its WLFI position. The transaction's closing, expected within 24 hours of announcement, could set important precedents for how public markets value token-focused corporate strategies.
Industry observers note the deal's unusual structure—combining traditional equity financing with direct token acquisition—may influence how other firms approach cryptocurrency allocations. The involvement of politically connected figures through the Trump-backed WLFI project adds another layer of complexity to the emerging corporate crypto treasury landscape.
As of press time, neither ALT5 Sigma nor World Liberty Financial representatives had responded to requests for additional comment about the treasury's operational framework or risk management protocols.