The Sam Altman Global Foundation sells its tokens while WLD plummets.
The Sam Altman Global Foundation has just raised $65 million through the massive sale of its WLD tokens at a drastically reduced price. This operation comes at the worst possible time, just as the token hits historic lows. How far can it fall?
In brief
The Global Foundation sold approximately 239 million WLD tokens through an over-the-counter sale to four counterparties, at an average price of $0.27 per token.
The price of WLD briefly hit a historic low of $0.24, a drop of 97% from its peak reached in March 2024.
The sale aims to finance operations, research and development, and the manufacturing of the project's biometric "spheres".
A massive launch of community tokens is scheduled for July 23, which will represent 52.5% of the total supply.
A discreet sale, an immediate impact on the price of WLD shares.
The Global Foundation officially announced the transaction on Saturday through a message posted on X. Its subsidiary, World Assets, completed an over-the-counter (OTC) sale with four distinct counterparties during the week, with the first settlement occurring on March 20. The average price was $0.27 per WLD, corresponding to the issuance of approximately 239 million tokens.
The foundation fully supports this fundraising: "This sale finances the core operations of the project, R&D, the manufacturing of the spheres, ecosystem development, and much more." A classic justification, but one that fails to dispel market doubts.
