Alt5 Sigma, a thinly traded fintech firm tied to a Trump family crypto venture, authorized a share buyback of up to $100 million as it deepens its exposure to politically linked digital assets amid ongoing corporate turbulence.
The Las Vegas–based company said the buyback could retire as many as 50 million shares, representing about 40% of outstanding stock, while also signaling plans to acquire additional WLFI tokens from World Liberty Financial, a crypto firm co-founded by members of President Donald Trump’s family.
Alt5 also disclosed a $15 million debt-financing agreement expected to close in the coming days, saying it has sufficient flexibility to pursue token acquisitions while funding growth initiatives.
Shares rose roughly 4% to $2.21 in New York trading, though the stock remains down about 80% from its June peak, underscoring investor caution despite the aggressive capital return plan.
The company gained national attention last year after unveiling a $1.5 billion strategy to accumulate Trump-linked digital tokens, reporting holdings of approximately 7.3 billion WLFI tokens. Eric Trump became a board observer, while Zach Witkoff, son of presidential envoy Steve Witkoff, was appointed chairman.
Alt5’s expansion comes against a backdrop of instability. In August, a subsidiary was found criminally liable for money laundering in Rwanda. The firm later dismissed senior executives, including its acting CEO and CFO, and replaced its auditor multiple times within weeks.
The buyback and token acquisition plans highlight Alt5’s attempt to stabilize confidence and reposition itself, even as governance, compliance, and valuation concerns continue to weigh on the stock.
