Trump Media Firm in Talks to Buy Crypto Platform Bakkt: Report
The President-elect’s Trump Media and Technology Group is in talks to buy digital-asset marketplace Bakkt Holdings, according to a report by the FT citing sources familiar with the matter on Nov. 19.
The all-stock acquisition by Trump’s social media firm, which owns Truth Social, would consolidate his position in the digital asset industry.
Bakkt is an institutional crypto asset platform backed by New York Stock Exchange owner Intercontinental Exchange (ICE).
Trump’s social media group in talks to buy crypto trading venue https://t.co/wYiaa6onuM
— Financial Times (@FT) November 18, 2024
More Good News for Crypto
Bakkt shares surged more than 160% as the news broke, while Trump Media stock ended the day up…
