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WLFI Sells Tokens to Bitcoin Miner Hut8 at Premium Price
['Sven Luiv', 'Benjamin Wallis', 'Alex Popa', 'Naveed Iqbal', 'Usman Ali']
Brave New Coin
WLFI Sells Tokens to Bitcoin Miner Hut8 at Premium PriceWorld Liberty Financial sold tokens from its treasury to Bitcoin mining company Hut8 at $0.25 each, even though the market price sat around $0.20.
Understanding the Premium PurchaseHut8 paid 25% more than the current market price.
Currently, about 24-27 billion tokens are in circulation out of a total supply of 100 billion.
This program directs all treasury fees toward buying WLFI tokens from the market and destroying them permanently.
Paying above market price suggests confidence in long-term value, though short-term price action tells a different story.