Eric Trump Joins ALT5 Sigma Board as Company Raises $1.5 Billion for WLFI Treasury

ALT5 Sigma Corporation has announced a major to establish a new cryptocurrency treasury centered on the World Liberty Financial (WLFI) token.

The financing involves the sale of up to 100 million common shares at $7.50 each, with the deal expected to close on August 12. The proceeds will be used to acquire WLFI tokens, settle litigation, repay debt, and for general working capital. The deal marks a significant structural shift in ALT5 Sigma’s asset strategy, positioning it to hold WLFI as a core reserve asset.

Alongside the massive capital raise, the company also announced significant changes to its board. Eric Trump, executive vice president of the Trump Organization, has joined as a director. Zach Witkoff of World Liberty Financial will serve as the new chairman, with Zak Folkman participating as a board observer.

These high-profile appointments, disclosed in the official release, align with the launch of the new WLFI treasury and signal a strategic realignment in the firm’s governance. Company documents filed with the SEC outline the board changes as part of a broader repositioning in the digital asset sector following months of negotiations.

What is WLFI?

The $1.5 billion raise blends equity issuance with a private token transaction, providing both fiat capital and WLFI assets.

In the registered direct offering, shares will be issued to institutional investors under Nasdaq listing rules to raise cash, while a concurrent private placement involves a direct purchase of WLFI tokens from World Liberty Financial.

ALT5 Sigma intends to use part of the proceeds to retire existing debt, indicating that reducing leverage is a priority before it expands its new crypto holdings. This transaction structure reflects a growing trend of publicly listed firms diversifying their treasuries with digital assets.

The Trump Effect.