Odaily News Trump Media is in advanced talks to acquire cryptocurrency trading company Bakkt, according to two people familiar with the matter. The news caused the share prices of both companies to rise rapidly after it was announced. Trump Media is majority-owned by Trump. The company operates the Truth Social app and trades on the Nasdaq under the symbol DJT, closing up more than 16%. Bakkt, created by Intercontinental Exchange, owner of the New York Stock Exchange, saw its stock price soar more than 162% amid multiple trading halts due to volatility. Former Bakkt CEO Kelly Loeffler is co-chair of Trumps inaugural committee. (FT)
Trump Media and Technology Group in ‘advanced talks’ to acquire crypto trading firm Bakkt: People familiar with the matter
2024/11/19 08:08
Latest news
17:47
Hyperliquid 50x leverage whale sold 1108.83 ETH in exchange for $2.1 million USDC, and then purchased 150,000 LINK
17:40
U.S. House of Representatives intends to submit a bill to ensure that the strategic Bitcoin reserve policy is not revoked by the future president
17:36
Hyperliquid 50x leverage whale returns borrowed LINK and withdraws WETH to sell
17:03
Templar Protocol Completes $4 Million Pre-Seed Round of Financing, with RobotVentures and Others Participating
16:54
Hyperliquid 50x leverage whale opened LINK long positions again, average opening price: $14.03, liquidation price: $13.32
Group Channel
