AI Financial, a publicly traded crypto firm tied to President Donald Trump’s family, has purchased a startup owned by one of the company’s own advisors. According to filings with the Securities and Exchange Commission, the Las Vegas-based company struck a deal last Monday worth up to $43 million to buy the crypto infrastructure business Block Street.
Corporate records show Block Street was only incorporated in Nevada in late October. Matthew Morgan, the advisor to AI Financial, who is also the CEO and biggest shareholder of Block Street, said he founded the company about 16 months ago.
