The potential acquisition remains non-binding, with Perpetuals.com currently conducting due diligence on the subsidiary. This move follows a period of intense volatility for AI Financial, which saw its share price plummet more than 90% after its heavy investment in World Liberty Financial, a crypto venture closely associated with the Trump family. The company’s decision to center its balance sheet on the WLFI token backfired when the asset lost roughly 70% of its value.
Financial disclosures indicate that AI Financial’s previous capital raises funneled approximately $540 million into entities tied to the Trump family. These proceeds were part of a broader ecosystem where the Trump family maintains a claim on 75% of revenue generated from WLFI token sales. While the White House has previously dismissed allegations of conflicts of interest regarding these business ties, the financial fallout has left AI Financial scrambling to offload assets. If the deal with Perpetuals.com proceeds, it would effectively strip the firm of its primary operating business, leaving its future uncertain as regulatory and public scrutiny of Trump-linked crypto projects intensifies.
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