Trump Media nearing deal to buy crypto firm Bakkt: report
President-elect Donald Trump’s social media company is in advanced talks to buy cryptocurrency firm Bakkt, according to a report.
Trump Media & Technology Group is nearing an all-share purchase of the crypto trading platform, which was previously led by former US Sen. Kelly Loeffler of Georgia, a vocal Trump supporter, the Financial Times reported on Monday based on two people with knowledge of the talks.
The valuation of the deal is unclear. Bakkt had a market capitalization of more than $150 million on Monday.
Loeffler served as a United States senator from Georgia at the tail-end of Trump’s first administration through 2021. While running for re-election, her campaign ads bragged about her “100% Trump…
