ALT5 Sigma Corporation (Nasdaq: ALTS), the crypto infrastructure firm that holds World Liberty Financial (WLFI) tokens in its treasury, saw its stock decline 9.76% to close at $3.42 on Sep. 24.

In fact, the stock has tanked around 60% since the company announced its decision to build a WLFI treasury.

WLFI bet unprofitable... at least, so far

Founded in 2018, ALT5 Sigma is a fintech firm that offers technologies to build crypto trading, clearing settlement, payment, and tokenization enterprises.

The firm announced on Aug. 11 that it will raise $1.5 billion through the sale of shares to acquire WLFI tokens to add to its corporate treasury. The move essentially turned the firm into a digital asset treasury (DAT) company.

A DAT company refers to a public firm that holds a significant quantity of cryptocurrencies like Bitcoin, Ethereum, etc. on its balance sheet — similar to how public firms traditionally hold cash or commodities.

WLFI is the native token of World Liberty Financial, a decentralized finance (DeFi) backed by the Trump family.

Though there was speculation around President Donald Trump's son Eric joining the board of ALT5 Sigma, the firm ultimately decided not to appoint him, reportedly in order to comply with Nasdaq’s listing rules. Nonetheless, he has been appointed as a strategic adviser and observer.

Related: What is Crypto? Cryptocurrency explained

Since the company announced its WLFI treasury plan on Aug. 11, its stock has tanked 60%.

More News:

Public companies turning into DATs

While Michael Saylor's Strategy (Nasdaq: MSTR) and Tom Lee's Bitmine Immersion Technologies (Nasdaq: BMNR) remain the leading digital asset treasuries (DATs), there is a wave of public companies turning to cryptocurrencies as treasury assets.

ALT5 Sigma is only one of the several such companies. The firm's stock was exchanging hands at $3.26 at the time of writing.

This story was originally reported by TheStreet on Sep 25, 2025, where it first appeared in the Investing section. Add TheStreet as a Preferred Source by clicking here.