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Trump family's affiliated company AI Financial acquires Block Street for $43 million
BlockBeats News, April 30 — According to Fortune magazine, AI Financial (formerly Alt5 Sigma), a publicly traded cryptocurrency company linked to the Trump family, announced last week a $43 million deal to acquire cryptocurrency infrastructure company Block Street.
Company records show that Block Street was only registered in Nevada in late October. Matthew Morgan, an advisor to AI Financial, as well as the CEO and largest shareholder of Block Street, said he founded the company about 16 months ago. Morgan stated that the acquisition of Block Street was not for proprietary trading.