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**Eric Trump-Backed ALT5 Sigma Closes $1.5 Billion to Launch WLFI Strategy**
In a groundbreaking move, Eric Trump-backed ALT5 Sigma has successfully closed a whopping $1.5 billion in funding to implement a treasury strategy centered around the WLFI token. This massive injection of capital marks a significant milestone for the company, which aims to capitalize on the rapidly evolving digital asset market.
As part of this strategy, ALT5 Sigma plans to acquire approximately 7.5% of the total WLFI token supply. The funds will be utilized for various corporate purposes, including debt repayment, settling ongoing litigation, and supporting general operating expenses.
Notably, this development comes with significant leadership changes within the company. Zach Witkoff, co-founder and CEO of World Liberty Financial (WLFI), is set to take on a chairmanship role at ALT5 Sigma’s board of directors. Eric Trump, a prominent backer of ALT5 Sigma, will also join the company’s board as a director.
The company has further bolstered its operations by partnering with Kraken, a leading cryptocurrency exchange, to act as its asset manager. This strategic alliance is poised to catapult ALT5 Sigma into the forefront of the digital asset space.
In an exclusive tweet, Eric Trump expressed his enthusiasm for joining the board and contributing to the company’s success in revolutionizing the industry: ‘@DonaldJTrumpJr and I are deeply committed to the success of this company and its innovative approach.’
Source: coincentral.com
