Point72 and ExodusPoint acquire stakes in virtual asset payment company ALT 5 Sigma

YM Lee

Summary

Point72 Asset Management and ExodusPoint Capital announced that they had each acquired 4% and approximately 4.75% stakes in ALT 5 Sigma.
ExodusPoint Capital reported it currently holds ALT 5 Sigma shares valued at around $32.1 million.
ALT 5 Sigma stated it has been attracting investor interest following its recent announcement of a $1.5 billion private placement.

Steve Cohen's Point72 Asset Management and ExodusPoint Capital have reportedly acquired stakes in ALT 5 Sigma, a virtual asset (cryptocurrency) payment company.

According to a Bloomberg report on the 20th (local time), Point72 Asset Management announced in a public filing that it had acquired a 4% stake in ALT 5 Sigma. This stake is owned not by Cohen personally, but by one of the funds under Point72.

ExodusPoint Capital Management’s master fund also purchased 5.9 million shares of ALT 5 Sigma (approximately a 4.75% stake). According to the filing, ExodusPoint currently holds ALT 5 Sigma shares valued at around $32.1 million.

ALT 5 Sigma has attracted investor interest after announcing a private placement of approximately $1.5 billion from World Liberty Financial, a decentralized finance (DeFi) project of Trump, on the 11th.

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YM Lee

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Point72 and ExodusPoint acquire stakes in virtual asset payment company ALT 5 Sigma

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