AI Financial Acquires Block Street in $43 Million Deal

AI Financial, a publicly traded cryptocurrency company linked to U.S. President Donald Trump's family, has completed a $43 million acquisition of Block Street, a cryptocurrency infrastructure firm. According to Foresight News, Block Street was registered in Nevada in late October, although its CEO and largest shareholder, Matthew Morgan, claims he founded the company approximately 16 months ago. Morgan emphasized that the acquisition was not a self-dealing transaction, noting that he had previously pitched Block Street to several public companies in late 2025, rejecting offers that promised potential returns exceeding $100 million. AI Financial, which has previously engaged in biotechnology and fintech, is now expanding into the cryptocurrency sector. In August of last year, the company reached an agreement with World Liberty Financial, a cryptocurrency firm associated with the Trump family, to hold $1.5 billion worth of cryptocurrency on its balance sheet. In exchange, World Liberty Financial received shares and a board seat in AI Financial.