AI Financial denies the positioning of "WLFI Treasury Company," but SEC documents show that WLFI still dominates its finances.

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Deep Tide TechFlow News, May 21, according to CoinDesk, AI Financial (formerly Alt5 Sigma) emphasizes externally that the company is building an integrated business platform covering fintech, tokenization, and digital infrastructure, not just a WLFI treasury company. The company operates the crypto payment platform ALT5 Pay and the over-the-counter trading platform ALT5 Prime, and has announced the acquisition of tokenization infrastructure company Block Street.

However, its latest SEC filings show that the company holds 7.28 billion WLFI tokens, valued at approximately $706.4 million as of the end of Q1, a significant decline from the purchase cost of about $1.46 billion, and its fintech business generated only $4.7 million in revenue for the quarter. The company also warned that ongoing losses and a $5.5 million operating capital deficit raise "material doubt" about its ability to continue as a going concern, and that WLFI tokens cannot be liquidated due to contractual restrictions, with current cash remaining at only $10.5 million.

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