Crypto NewsAltcoinNasdaq-Listed Company Approves Plan to Buy More of Surprise Altcoin

Nasdaq-Listed Company Approves Plan to Buy More of Surprise Altcoin

A company listed on Nasdaq has approved a plan that would allow it to purchase more of an altcoin.

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ALT5 Sigma Corporation announced a comprehensive capital plan encompassing both a share buyback program and the purchase of WLFI tokens, following a decision by its board of directors.

World Liberty Financial (WLFI) is known as an altcoin linked to the family of US President Donald Trump.

According to a company statement, the board of directors approved a share buyback program of up to $100 million. Under the program, the goal is to repurchase up to 50 million shares at prices below net asset value (NAV). This amount represents approximately 40% of the company’s outstanding shares. ALT5 Sigma stated that this step aims to increase shareholder value by taking advantage of the discount in market value.

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The board also approved the continuation of WLFI token purchases from the secondary market. It was announced that ALT5 currently holds approximately 7.3 billion WLFI tokens, with a current value of approximately $1.5 billion.

To implement the program, ALT5 signed a $15 million loan agreement with World Liberty Financial. The company also stated that it could secure additional financing from its balance sheet, which exceeds $1.6 billion, if needed in the future.

ALT5 Sigma CEO Tony Isaac said the share buyback and WLFI token investments demonstrate management’s strong confidence in the company’s long-term value and strategic direction.

*This is not investment advice.

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