Trump's media company is in talks to buy Bakkt, a crypto platform, as shares of both spike.

Trump Media and Technology Group (TMTG), led by former President Donald Trump, is reportedly in advanced talks to acquire Bakkt, a crypto trading platform owned by Intercontinental Exchange. This move would deepen Trump's involvement in the crypto market. Shares of both companies surged following the news, with Bakkt's stock rising over 162%. TMTG, which operates the Truth Social platform, has shown significant stock market activity despite limited revenues.

November 18, 2024
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