World Liberty Financial (WLFI) has executed a strategic token sale, transferring 100 million WLFI tokens to Bitcoin mining firm Hut 8 for $25 million, at a price of $0.25 per token. This represents a 25% premium over the current market price of approximately $0.20, as confirmed by Arkham Intelligence, with the tokens sourced directly from WLFI's treasury without new issuance or dilution.
Hut 8 plans to hold the tokens as a long-term reserve asset, alleviating concerns about short-term market volatility from rapid sales. The deal underscores strong institutional confidence in WLFI's fundamentals, with analysts viewing it as an endorsement of its growth potential and credibility in the cryptocurrency and Bitcoin mining sectors.
WLFI is expanding its ecosystem with initiatives like tokenizing real estate and commodities, and developing a debit card and retail payments app integrated with Apple Pay to bridge digital and traditional finance. Additionally, ALT 5 Sigma (formerly JanOne) announced plans to raise $1.5 billion to support WLFI's corporate treasury, further bolstering its institutional appeal.
Amid the news, WLFI co-founder Donald Trump Jr. addressed potential conflicts of interest, stating in a CNBC interview at Token2049 that claims of investors seeking favors from the Trump administration are "complete nonsense." This sale is part of WLFI's broader strategy to foster partnerships and enhance its position in the crypto landscape.
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