TechFlow reports that on April 30, according to Fortune, AI Financial—a publicly traded crypto company linked to the Trump family—announced its agreement to acquire blockchain infrastructure startup Block Street for up to $43 million. Block Street was founded in October 2025 by Matthew Morgan, who currently serves as an advisor to AI Financial and is formerly known as the “King of Cannabis.” Block Street has yet to generate revenue and focuses primarily on asset tokenization and initial coin offerings (ICOs). Prior to this acquisition, AI Financial had partnered with World Liberty Financial—the Trump family’s crypto project—committing to add $1.5 billion worth of cryptocurrency to its balance sheet. However, since the partnership was announced, AI Financial’s stock price has plummeted over 90%.
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