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Crypto stock drops 25% after Eric Trump's bullish post
Crypto stock drops 25% after Eric Trump's bullish post originally appeared on TheStreet.
ALT5 Sigma Corporation (Nasdaq: ALTS), a financial firm offering blockchain-powered technologies, announced on Aug. 11 that it is going to raise $1.5 billion via the sale of 200 million shares in order to create a World Liberty Financial (WLFI) corporate treasury.
The World Liberty Financial is a decentralized finance (DeFi) backed by the Trump family, which is reportedly exploring the option of going public and raising around $1.5 billion to hold WLFI tokens.
"One small step for mankind, one giant leap for WLFI," World Liberty Financial wrote on X.
Founded in 2018, ALT5 Sigma offers next-gen blockchain-powered technologies for tokenization, trading, clearing settlement, payment and safekeeping of crypto assets Through its subsidiaries, the firm offers two main platforms to its customers: ALT5 Pay and ALT5 Prime. It has processed over $5 billion in crypto transactions since inception.
Join the discussion with CryptoWendyO on Roundtable here.
ALT5 Sigma is one of the latest companies to create a crypto asset treasury firm, similar to Michael Saylor's MicroStrategy (Nasdaq: MSTR) and Tom Lee's BitMine Immersion (NYSE: BMNR). While the former is the leading Bitcoin treasury firm, the latter is the leading Ethereum treasury firm. Now, even WLFI is also becoming a preferred asset among crypto treasury firms.
The president's eldest child, Donald Trump Jr., said he was excited about the partnership. Eric Trump, the president's third child, also hailed the move.
Following the announcement and these tweets, the ALTS stock immediately declined by more than 25% in value. It was trading at $6.49 at the time of writing.
Crypto stock drops 25% after Eric Trump's bullish post first appeared on TheStreet on Aug 11, 2025
This story was originally reported by TheStreet on Aug 11, 2025, where it first appeared.
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