AI Financial

The WLFI treasury program (7.28 billion tokens at 0.20 dollars cost) created enormous mark-to-market losses (FY2025 unrealized crypto loss ≈ 402 million dollars; 1H26 additional very large losses) and introduced material related-party risks.

Taking a 15 million dollar loan from WLFI secured by those same tokens, and using proceeds to repurchase shares, is inconsistent with conservative, shareholder-aligned capital allocation. Restatements and litigation further reduce confidence.