Trump Media Moves to Buy Unprofitable Crypto Platform: 5 Things to Know
- Trump Media is reportedly in talks to to buy crypto firm Bakkt.
- The FT reported Monday that Trump Media could acquire the company in an all-stock deal.
- Digital assets rallied on Tuesday, fueled by fresh optimism around Trump’s support for crypto.
Donald Trump’s media firm could soon offer cryptocurrency trading, with the Truth Social parent company reportedly in talks to acquire Bakkt.
The Financial Times reported this week that the President-elect’s media company could buy crypto-trading platform Bakkt in an all-stock deal.
The report sent the company’s shares soaring as much as 250% on Monday before paring that gain to about 175%. They were up another 4.7% on Tuesday, trading at $31.11.
Here’s what you…
