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.
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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.
