TechFlow News, May 21: According to a CoinDesk report, AI Financial (formerly Alt5 Sigma) emphasized externally that it is building an integrated business platform covering financial technology, tokenization, and digital infrastructure—not merely functioning as 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 its acquisition of tokenization infrastructure firm Block Street.
However, its latest SEC filing reveals that the company holds 7.28 billion WLFI tokens, valued at approximately $706.4 million as of the end of Q1—significantly down from its purchase cost of roughly $1.46 billion. Meanwhile, its fintech business generated only $4.7 million in quarterly revenue. The company also warned that ongoing losses and a $5.5 million working capital deficit raise “substantial doubt” about its ability to continue as a going concern, and that the WLFI tokens cannot be liquidated due to contractual restrictions; its current cash balance stands at just $10.5 million.
