Point72, ExodusPoint Bought Stakes in Trump-Tied Crypto Firm

Point72, ExodusPoint Bought Stakes in Trump-Tied Crypto Firm

A week after Eric Trump and Donald Trump Jr. rang the Nasdaq opening bell for a $1.5 billion deal involving biotech-turned-crypto payments company Alt5 Sigma Corp. and Trump-backed crypto firm World Liberty Financial, blue-chip hedge funds are getting in on the action.

Point72 and ExodusPoint take stakes in Trump-linked crypto firm Alt5 Sigma

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. Exo…