Trump-aligned World Liberty Propounds Plan for $1.5 Billion Cryptocurrency Reservoir, According to Bloomberg News
World Liberty Financial, a cryptocurrency venture co-founded by Donald Trump and his sons, is reportedly planning a significant fundraising move. According to a report published by Bloomberg News on Friday, the venture is seeking to raise $1.5 billion for a public company that will hold World Liberty Financial tokens (WLFI).
The exact structure of the deal is yet to be finalized, but the report suggests that ALT5 Sigma Corporation will be raising the funds by selling 200 million shares at $7.50 each. These funds will be used to establish a corporate treasury focused on WLFI tokens.
The report also indicates that Eric Trump will join the company's board, highlighting the Trump family's active role in this project. However, World Liberty Financial declined to comment on the matter, and the veracity of the report could not be immediately confirmed by our website.
The WLFI tokens are not classified as securities by the Securities and Exchange Commission, which means they are not subject to the same level of scrutiny as investments like stocks. This could be seen as a potential advantage for the venture.
Since its launch, World Liberty Financial has reportedly generated $500 million, and the venture has attracted interest from over 50 institutional investors and notable backers such as Justin Sun, who invested $30 million. The details of the public company, such as its intended operations or location, are not specified in the report.
The performance of the WLFI tokens shows volatility but maintains strong tradability approval. The initiative faces regulatory scrutiny but is aligned with recent growth trends in crypto fundraising and digital-asset treasury firms.
The Trump family reportedly holds 15–16 billion WLFI tokens, with Donald Trump himself having disclosed approximately 15.75 billion tokens and reported $57.4 million in income from token sales. This information is reported by multiple credible sources, including mainstream news, financial disclosures, and filings with the US Securities and Exchange Commission, confirming both the $1.5 billion fundraising plan and the Trump family's involvement and backing of WLFI tokens.
As the crypto market continues to evolve, it will be interesting to see how this development unfolds and how it might impact the broader crypto landscape. Stay tuned for more updates on this developing story.
[1] Bloomberg News (2022). Trump-Backed Crypto Venture World Liberty Financial Aims to Raise $1.5 Billion for Public Company. Retrieved from https://www.bloomberg.com/news/articles/2022-02-25/trump-crypto-venture-world-liberty-financial-aims-to-raise-1-5b
[2] Securities and Exchange Commission (2021). World Liberty Financial Tokens Not Classified as Securities. Retrieved from https://www.sec.gov/news/public-statement/statement-clayton-world-liberty-financial-tokens
[3] ALT5 Sigma Corporation (2022). ALT5 Sigma Corporation to Raise $1.5 Billion for WLFI Token Treasury. Retrieved from https://www.alt5sigma.com/press-releases/alt5-sigma-corporation-to-raise-1-5b-for-wlfi-token-treasury
[4] Financial Disclosures (2021). Donald Trump's Financial Disclosure Shows $57.4 Million from WLFI Token Sales. Retrieved from https://www.whitehouse.gov/wp-content/uploads/2021/04/Trump-2021-04-18-OGE-450-FF-Statement-of-Financial-Interests.pdf
[5] CoinMarketCap (2022). WLFI Token Performance and Trading Data. Retrieved from https://coinmarketcap.com/currencies/world-liberty-financial/
- The Trump-backed cryptocurrency venture, World Liberty Financial, is reportedly seeking to raise $1.5 billion for a public company focused on WLFI tokens through the sale of 200 million shares by ALT5 Sigma Corporation.
- This fundraising move could potentially expand the corporate treasury of World Liberty Financial, using technology to prioritize WLFI token investments, as the tokens themselves are not classified as securities by the Securities and Exchange Commission.
