Bakkt's stock soars 162% as Trump Media negotiates to buy crypto firm, report says
The price of Trump Media, which owns the Trump-affiliated TruthSocial social media app and boasts a market capitalize of more than $7 billion, surged in the wake of the announcement. Trump Media stock jumped by more than 16%. Bakkt is owned by the same company that owns the New York Stock Exchange, and saw its stock soar by over 162%.
4 things to know about Trump Media's move to buy an unprofitable crypto platform
Shares of Bakkt soared as high as 250% on Monday on news Trump's media firm may be closing in on an all-stock purchase of the crypto company.
Trump's social media company in talks to buy crypto firm Bakkt, FT reports
Trump Media & Technology, the parent company of Truth Social, is reportedly in talks to buy crypto trading firm Bakkt.
Trump Media is near an all-stock deal to buy crypto platform Bakkt, report says
The move would be the first major acquisition on behalf of Trump Media, which already owns the small social media platform Truth Social.
‘DJT’ stock drops as crypto-deal talk cools
Trump Media & Technology Group’s stock had risen amid talk of a deal to buy cryptocurrency-centered company Bakkt.
Trump's social media group in talks to buy Bakkt, FT reports
Donald Trump's social media company is in advanced talks to buy crypto trading firm Bakkt, the Financial Times reported, citing two people with knowledge of the talks.Trump Media and Technology Group,
Bakkt up 48% after FT report about takeover talks with Trump Media
EST Bakkt (BKKT) up 48% after FT report about takeover talks with Trump Media (DJT)Don't Miss our Black Friday Offers:Discover the latest
Trump Media in reported talks to buy crypto trading platform Bakkt, sending shares soaring
While Trump Media has reported a $363 million net loss on revenues of just $2.6 million so far this year, it boasts a market cap above $7 billion.
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