AI Financial acquires Block Street for $430 million

According to Fortune magazine, AI Financial, which is affiliated with the Trump family, has acquired cryptocurrency infrastructure company Block Street for $430 million. According to company records, Block Street was registered and established in Nevada in late October, and its CEO Matthew Morgan stated that the company was founded about 16 months ago and the acquisition was not a proprietary transaction. Morgan once rejected transactions with potential returns exceeding $100 million. AI Financial has previously ventured into biotechnology and fintech. Last year, it reached an agreement with World Liberty Financial, a subsidiary of the Trump family, to reserve $1.5 billion worth of cryptocurrency and provide shares and board seats to the latter.