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Trump family-affiliated company AI Financial acquires Block Street for $43 million
According to Fortune magazine, the publicly traded cryptocurrency company AI Financial (formerly Alt5 Sigma), associated with U.S. President Donald Trump's family, reached a deal last week to acquire cryptocurrency infrastructure company Block Street for $43 million.
Company records show that Block Street was only registered in Nevada in late October. AI Financial's advisor, who is also the CEO and largest shareholder of Block Street, Matthew Morgan, said he founded the company about 16 months ago.
Morgan stated that the acquisition of Block Street is not for proprietary trading.