AI Financial, a Company Linked to the Trump Family, Acquires Block Street for $43 Million

Foresight News reports, according to Fortune magazine, that AI Financial, a publicly traded cryptocurrency company linked to the family of former U.S. President Donald Trump (formerly known as Alt5 Sigma), finalized a $43 million deal last week 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 and also the CEO and largest shareholder of Block Street, stated that he founded the company approximately 16 months ago. Morgan emphasized that the acquisition of Block Street was not a self-dealing transaction. In late 2025, he had pitched his then-unprofitable company Block Street to several publicly traded companies, rejecting offers that promised potential returns exceeding $100 million. AI Financial has previously been involved in biotechnology and fintech and is now expanding into the cryptocurrency sector. In August of last year, the company reached an agreement with the Trump family’s cryptocurrency company, World Liberty Financial, to hold $1.5 billion worth of cryptocurrency on its balance sheet. In return, World Liberty Financial received shares in AI Financial and a seat on its board of directors.