Trump’s social media group might buy crypto trading firm Bakkt: report
Is Trump taking his relationship with crypto to the next level?
Trump Media & Technology Group, which operates Trump’s social media company Truth Social, is in talks to buy crypto trading firm Bakkt, the Financial Times reported.
Shares of Bakkt soared after the report on Monday and were up another 14.8% in premarket trading on Tuesday, CNBC reported. Bakkt and Trump Media declined to comment on the talks.
Bakkt, founded in 2018 to offer tech services to crypto investors, has had some financial challenges. The Georgia-based firm showed total revenue of $328.4 million and an operating loss of $27.4 million in its latest quarterly report, and said the company “may not be able to continue as a…
