MOG DIGITECH (01942) Subscribes to WLFI Fund Equity

Stock News

Aug 25

MOG DIGITECH (01942) announced that the Group has recently made an indirect investment of US$500,000 (approximately HK$3.925 million) in ALT5 Sigma Corporation (NASDAQ: ALTS) through subscribing to membership interests in a fund.

The fund participated alongside several of the world's largest institutional investors and prominent cryptocurrency venture capital companies in ALT5's recent issuance, with World Liberty Financial, Inc (WLFI) serving as the lead investor.

The Group believes this investment represents an opportunity with capital appreciation potential that can strengthen its investment portfolio in the Web 3.0 (Web3) and decentralized finance (DeFi) sectors. This positioning allows the Group to capitalize on the rapid development of the Web3 and cryptocurrency ecosystem, including digital asset trading and payment solutions, while strategically achieving the Group's broader objectives of exploring and participating in the cryptocurrency ecosystem.

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