AI Financial pushes back on 'WLFI hoarding company' label

Nasdaq-listed AI Financial (formerly Alt5 Sigma), a major holder of WLFI tokens, has pushed back against being characterized as a mere 'WLFI hoarding company.' A company spokesperson told CoinDesk that AI Financial continues to operate its fintech and digital payments businesses while pursuing long-term strategies in digital assets, payment infrastructure, tokenization, and next-generation financial technology. The spokesperson asserted that labeling the company as a simple hoarding entity does not accurately reflect the true scope of its operations. This statement follows a previous filing with the U.S. Securities and Exchange Commission (SEC) in which AI Financial disclosed that its continued existence was uncertain. The filing noted the company held only $10.5 million in cash, while a significant portion of its assets—its WLFI tokens—remain locked up.