The Trump family's encryption company, AI Financial, is selling core business for up to $15 million
On 8 July, according to the Wall Street Journal, a year ago, the encrypted currency project under the umbrella of the Trump family acquired control over a small payment company at $750 million. Today, the transaction has cost almost all participants, with the exception of the Trump family. The company listed in NASDAQ — formerly known as Alt5 Sigma, recently renamed AI Financial (Strategic Code AIFC) — according to the company's submissions, negotiations are under way with the Company Perpetuals for the sale of its core business. According to one person with knowledge of the transaction and company documents, the maximum value of the transaction under discussion was approximately $15 million. The terms of the transaction have not yet been finalized, and as negotiations continue, specific conditions may change and even transactions may ultimately not be reached。
