Company that bet big on Trump-backed crypto says its fortunes have improved
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Source: CNBC
Published: 2026-06-11 02:35 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Technology & AI, Economy & Finance, Financial Markets, Family, US Politics, Business & Economy, Technology
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Snippet:
AI Financial Corp., a publicly traded company that took heavy losses after making a billion-dollar bet on a cryptocurrency backed by the Trump family, said Wednesday that its outlook had improved. Its shares are down 92% since making that bet to 65 cents a share as of Wednesday's market open.
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