WLFI DEAL SELLS 100 MILLION TOKENS TO HUT 8
🔸 World Liberty Financial (WLFI), a crypto project linked to the Trump family, has sold 100 million WLFI tokens from its locked token vault to Bitcoin mining company Hut 8 for 25 million USD.
🔸 The trading price is 0.25 USD per token, about 25% higher than the market price (0.20 USD). Hut 8 stated that it will hold these tokens as a long-term reserve.
🔸 WLFI and Hut 8 are also partners in a Bitcoin mining joint venture in the U.S. called American Bitcoin, with participation from Donald Trump Jr. and Eric Trump.
🔸 Several other organizations are also showing interest, including ALT 5 Sigma, which announced plans to raise 1.5 billion USD to support WLFI's reserve fund.
🔸 WLFI also has ambitions to expand with plans to tokenize real estate and commodities, as well as launch a debit card + payment app (connected to Apple Pay) to link the stablecoin USD1 with daily spending.
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