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Stock impact report

Bakkt's stock soars 162% as Trump Media negotiates to buy crypto firm, report says [Yahoo! Finance]

Bakkt Holdings, Inc. (BKKT) 
Company Research Source: Yahoo! Finance
162% and Trump Media's stock up 16%. Bakkt, owned by the same company as the New York Stock Exchange, has faced challenges this year, including a delisting warning from the NYSE, but a recent reverse stock split helped boost its price. The potential acquisition comes as Trump has expressed support for the crypto industry, pledging to make the US the 'crypto capital of the world' if he becomes president again. Donald Trump's media venture, Trump Media & Technology Group, is reportedly discussing buying the crypto firm Bakkt, according to The Financial Times 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 Earlier this year, Trump took the main stage of the Bitcoin conference in Nashville and pledged Show less Read more
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