The publicly listed technology firm ALT5 Sigma plans to sell $1.5 billion of its shares to finance the acquisition of a cryptocurrency, a new digital currency created by World Liberty Financial, a company under the control of the Trump family.
World Liberty Financial, a cryptocurrency firm established by the Trump family last year, announced on Monday that a publicly listed technology company would begin purchasing a large volume of its unique digital coin.
The firm announced that a little-known tech company called ALT5 Sigma is gearing up to sell $1.5 billion worth of shares, using the proceeds to buy $WLFI, a cryptocurrency created by World Liberty, The NewYork Times reported.
Similar initiatives have been recorded this year with an incredible popularity in the cryptocurrency world, a trend driven by the success of the public tech company Strategy, formerly known as MicroStrategy. The firm has amassed a Bitcoin stockpile now worth billions of dollars, and its stock price has climbed in tandem with Bitcoin’s, which has recently reached a series of record highs.
Trump’s son Eric set to join crypto board
As part of the deal, World Liberty will receive shares in ALT5, according to securities filings, in return for $750 million worth of $WLFI coins. Eric Trump, President Donald Trump’s middle son, will join ALT5’s board, and Zach Witkoff, a World Liberty founder and the son of President Trump’s Middle East adviser, will serve as chairman of the board.
“Another historic milestone,” Mr Witkoff wrote on X on Monday.
This deal is the latest expansion of the Trumps’ extensive cryptocurrency business, which has bolstered the family’s finances while creating widespread conflicts of interest. Not long after launching World Liberty, former President Trump began selling a memecoin known as $TRUMP, generating hundreds of millions of dollars for his family. In a separate venture, his sons Eric and Donald Jr. are also involved in American Bitcoin, a crypto mining company.
While his family was investing in the cryptocurrency market, President Trump simultaneously implemented policies designed to boost the industry. He put an end to a long-running regulatory crackdown on crypto companies, created a federal reserve of Bitcoin, and signed a piece of legislation that had strong support from the industry.
A spokesman for World Liberty declined to comment. Representatives for ALT5 did not immediately respond to a request for comment.
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Trump started a crypto firm in September
Trump started World Liberty in September, unveiling the venture in a livestream from Mar-a-Lago. Soon after, the company began selling $WLFI, generating $550 million from investors around the world, with a large chunk reserved for the Trump family. World Liberty also started offering a second type of digital currency, known as a stablecoin because it is designed to maintain a constant price of $1.
Based in Las Vegas, ALT5 is not a major player in the crypto world. The company provides “next generation blockchain-powered technologies” for trading, payment and other services, and also has a separate biotechnology business, according to securities filings. It has roughly 1,900 corporate clients, according to filings, with estimated revenue of between $11.5 and $12.5 million for the first half of 2025.
ALT5’s partnership with World Liberty fits a broader trend in the crypto industry. As the market has risen during the Trump presidency, a series of public companies have begun buying large quantities of digital currencies, turning their shares into proxies for the coins.
These arrangements give a broader swath of investors a chance to invest in crypto, without setting up a digital wallet or making an account on a crypto exchange.
The most famous example is Strategy, an enterprise technology firm that morphed into a vehicle for buying Bitcoin under the leadership of its executive chairman, Michael Saylor.
Strategy owns a stash of Bitcoin worth more than $75 billion, but investors in its stock have consistently valued the company as more than its crypto holdings: roughly $115 billion at the start of trading on Monday. This “infinite money glitch,” as some analysts have described it, has further encouraged companies to spend money on Bitcoin and, increasingly, other types of cryptocurrencies.
