ALT5 to pursue a $100 million share buyback… “Additional WLFI accumulation as well”

JOON HYOUNG LEE

Summary

ALT5 Sigma said it received approval for a share repurchase program of up to $100 million, covering up to 50 million shares.
ALT5 Sigma said it will make additional purchases of World Liberty Financial (WLFI) tokens and plans to secure operating funds through a $15 million debt financing agreement.
ALT5 Sigma is stockpiling about 7.3 billion World Liberty Financial tokens and said demand for the token is expected to rise as usage of the stablecoin USD1 increases.

Nasdaq-listed ALT5 Sigma (ALT5 Sigma) is pursuing a $100 million share buyback. ALT5 Sigma also plans to make additional purchases of tokens from World Liberty Financial (WLFI), a cryptocurrency project associated with the family of US President Donald Trump.

ALT5 Sigma said it received board approval on the 29th (local time) for a share repurchase program of up to $100 million. The buyback could cover up to 50 million shares. The company explained that “this share buyback reflects the belief that the company’s value is significantly undervalued.”

It is also moving ahead with additional purchases of World Liberty Financial. An ALT5 Sigma official said, “We plan to secure operating funds by entering into a $15 million debt financing agreement with World Liberty Financial and to launch the board-approved program,” adding, “The agreement will be finalized soon.”

Meanwhile, ALT5 Sigma is said to have accumulated about 7.3 billion World Liberty Financial tokens as of that day. ALT5 Sigma said, “As usage of the stablecoin USD1 continues to rise, demand for tokens within the World Liberty Financial ecosystem is also expected to increase.”

WLFI