4 things to know about Trump Media's move to buy an unprofitable crypto platform [Yahoo! Finance]
Bakkt Holdings, Inc. (BKKT)
Company Research
Source: Yahoo! Finance
Digital assets rallied on Tuesday, fueled by fresh optimism around Trump's support for crypto. Donald Trump's media firm could soon offer cryptocurrency trading, with the Truth Social parent company reportedly in talks to acquire Bakkt. The Financial Times reported this week that the President-elect's media company could buy crypto-trading platform Bakkt in an all-stock deal. The report sent the company's shares soaring as much as 250% on Monday before paring that gain to about 175%. They were up another 4.7% on Tuesday, trading at $31.11. Here's what you need to know. Trump Media & Technology Group is in talks to purchase Bakkt , two sources told the FT. Per the report, Trump Media could acquire Bakkt in an all-stock deal, meaning it will use its own shares as currency in the transaction. It's a smart move for the media company given the stock's huge gains in the weeks leading up to the election as "Trump trades" rallied ahead of the vote. While Trump Media stock was d
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BKKT
News
- Trump Media Explores Crypto Ventures With New Trademark Filing [Yahoo! Finance]Yahoo! Finance
- Truth Social Owner May Develop Crypto Platform Called TruthFi [The New York Times]The New York Times
- Bitcoin jumps back to $98,000 after SEC announces Gary Gensler will step down [Yahoo! Finance]Yahoo! Finance
- Will Trump Media Buy Crypto Firm Bakkt? [USA TODAY]USA TODAY
- Dollar pulls ahead as markets focus on Trump policies, Fed outlook [CNBC]CNBC
BKKT
Earnings
- 8/14/24 - Miss
BKKT
Sec Filings
- 11/14/24 - Form 10-Q
- 11/14/24 - Form 8-K
- 11/14/24 - Form SC
- BKKT's page on the SEC website