PANews reported on April 30th, citing Fortune, that AI Financial, a publicly traded crypto company with ties to the Trump family, has reached an acquisition agreement with Block Street, a startup controlled by its current advisor Matthew Morgan, for up to $43 million. Documents show that Block Street was incorporated in Nevada last October and has not yet generated revenue. Morgan previously served briefly as AI Financial's chief investment officer in World Liberty Financial, a project in partnership with the Trump family, before becoming an unpaid advisor. This acquisition aims to expand its asset tokenization and ICO business. Since partnering with the Trump family and planning to hold $1.5 billion in crypto assets on its balance sheet, AI Financial's stock price has fallen by over 90%. The article also mentions that several other listed companies with "Bitcoin concepts" have recently engaged in similar acquisitions of assets from related parties.