Apr. 15 at 5:06 PM
$ALTS $WLFI.X
Latest Management-Estimated NAV (as of February 19, 2026)
• Total NAV: Approximately
$843 million.
• NAV per share:
$6.67 (based on ~126.34 million outstanding shares at the time).
• Implied discount: Shares were trading at ~
$1.52 (market cap ~
$192 million), representing a ~77% discount to this estimated intrinsic value. 
This NAV estimate included digital asset holdings (primarily WLFI), cash, and other assets/liabilities. Management has repeatedly emphasized that the stock trades at a substantial discount to NAV, leading to actions like a
$100 million stock buyback program (authorized for shares trading below NAV) and outreach to shareholders.
