Four days before Donald Trump’s inauguration last year, lieutenants to an Abu Dhabi royal secretly signed a deal with the Trump family to purchase a 49% stake in their fledgling cryptocurrency venture for half a billion dollars, according to company documents and people familiar with the matter. The buyers would pay half up front, steering $187 million to Trump family entities. An Abu Dhabi royal signed the deal, The Wall Street Journal reported.
Four days before Donald Trump’s inauguration, lieutenants to an Abu Dhabi royal secretly signed a deal with the Trump family to buy a 49% stake in their fledgling cryptocurrency venture for roughly $500 million, according to company documents and people familiar with the matter. The buyers would pay half of the amount upfront, directing about $187 million to Trump family entities. The Wall Street Journal reported that an Abu Dhabi royal signed the deal.
Under the terms, half the payment would come upfront, with roughly $187 million routed to Trump entities. The information comes from The Wall Street Journal’s coverage, which cites documents and people familiar with the matter. WSJ reported that an Abu Dhabi royal signed the agreement. The report references the deal’s value and upfront payment as part of the transaction.
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