AI Financial Corp. (AIFC), formerly known as Alt5 Sigma, disclosed $380 million in WLFI token holdings in a bid to reassure investors about its financial stability and fend off a potential Nasdaq delisting. In an SEC filing on Wednesday, the company said earlier going-concern risks “have been substantially mitigated” after the disclosure of its significant crypto assets.
The stock has fallen 92% since the firm entered a $1.5 billion transaction with World Liberty Financial—co-founded by Eric Trump and Donald Trump Jr.—in August 2025. AI Financial acquired 7.3 billion WLFI tokens, initially valued at about $1.4 billion, but the token’s price dropped roughly 70%, resulting in a $348 million first-quarter loss. AIFC’s shares now trade at $0.65, below Nasdaq’s $1 minimum, with a delisting deadline in approximately two weeks.
Of the total holdings, 3.2 billion WLFI tokens—half the position—can be used as collateral or for staking, though CEO Tony Isaac said there are no immediate plans to sell. Lock-up agreements prevent any sale until at least mid-August. The Trump family reportedly earned about $500 million from the deal, but a spokeswoman said they have no involvement in AI Financial.
The announcement sent the stock up three cents in early trading, but WLFI’s volatility remains a significant risk. The disclosure also highlights the scrutiny that publicly traded companies face when holding large crypto reserves, especially those tied to politically connected figures.
