Trump Digs Deeper Into Cryptocurrency? Bakkt Shares Soar On Reported Interest From President-Elect’s Media Company
Donald Trump was viewed as the more pro-cryptocurrency presidential candidate in the 2024 election and his support for crypto could get another push with a report that his media company is acquiring a cryptocurrency trading company.
What Happened: Shares of Bakkt Holdings (NASDAQ:BKKT) are soaring Monday on reports the cryptocurrency company, which went public in October 2021 via SPAC merger, is being acquired by Trump Media & Technology Group (NASDAQ:DJT).
The media company co-founded by Trump, which owns the Truth Social platform, is in advanced talks to acquire Bakkt, according to the Financial Times. The report said Trump Media & Technology Group would acquire the cryptocurrency company, which is backed by Intercontinental Exchange (NYSE:ICE), in an all-share deal.
Benzinga reached out to Trump Media & Technology Group for comment on the report and will update …
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