Trump Media group reportedly in talks to buy crypto marketplace Bakkt as bitcoin approaches $100K [FOX Business Network]
Bakkt Holdings, Inc. (BKKT)
Company Research
Source: FOX Business Network
Trump Media and Technology Group (TMTG) is reportedly in advanced talks to purchase cryptocurrency exchange Bakkt at a time digital assets are soaring since President-elect Trump — majority shareholder of the social media company — secured a second term in the White House. Citing two sources, the Financial Times reported Monday that TMTG , which operates Truth Social, is finalizing an all-share purchase of Bakkt, but details on a valuation were not clear. Bakkt said Tuesday it was aware of "the rumors that appeared in the financial press regarding a potential transaction involving the company," but the company "does not comment on market rumors or speculation." Shares of Bakkt, backed by NYSE-owner Intercontinental Exchange, which closed up 162.5% on Monday after FT's report, were up another 14.8% in premarket trading Tuesday. Ticker Security Last Change Change % BKKT BAKKT HOLDINGS Powered By Bakkt Holdings, Inc. TMTG shares, which closed up 16.7% on Monday
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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