Two of the hedge fund industry’s biggest players – Point72 Asset Management and ExodusPoint Capital Management – have disclosed stakes in Alt5 Sigma, the crypto-payments company tied to the Trump family, according to a report by Bloomberg.
The report cites regulatory filings as revealing that Point72 acquired a 4% holding valued at roughly $26.7m, while ExodusPoint built a position of about 5.9m shares, or 4.75% of the company, worth $32.1m. ExodusPoint briefly held over 5% before trimming its stake in recent days.
The moves come just a week after Eric Trump and Donald Trump Jr marked Alt5’s $1.5bn stock deal with Trump-backed World Liberty Financial by ringing the Nasdaq opening bell. The tie-up has rapidly transformed Alt5, a former biotech firm facing delisting last year, into a crypto-fintech with a market value that recently peaked near $900m.
Alt5 now holds a stake in World Liberty tokens, which are expected to become tradable in the coming weeks. A Trump family entity owns 40% of World Liberty’s parent company, with Donald Jr, Barron Trump and Alex Witkoff among its co-founders.
