Donald Trump’s Media Group Is Close To Buying Beleaguered Crypto Exchange Bakkt ⋆ ZyCrypto
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Bakkt, the once-promising darling of traditional finance entering the crypto space, could soon be owned by pro-crypto president-elect Donald Trump.
A recent report disclosed that Trump’s media company is in advanced talks to acquire the Intercontinental Exchange-founded trading venue in an all-stock deal.
Trump Deepens Involvement In Crypto
The Financial Times reported on Monday, citing two anonymous individuals privy to the matter, that Trump Media and Technology Group (TMTG), which runs Truth Social, is in advanced discussions for an all-share acquisition of Intercontinental Exchange-owned Bakkt.
Despite raking in a revenue of just $2.6 million year-to-date, TMTG,…
