Trump's Media Company in Talks to Buy Bakkt Crypto Platform [Yahoo! Finance Canada]
Bakkt Holdings, Inc. (BKKT)
Company Research
Source: Yahoo! Finance Canada
Most Read from Bloomberg In a statement released on Tuesday, Bakkt said that it would not comment on “market rumors or speculation,” per the company's policy. Shares in the digital-asset platform more than doubled on Monday after the Financial Times initially reported on the talks, which it described as at an “advanced” stage. The newspaper said Trump Media is closing in on an all-share purchase. Bakkt's market capitalization was $155 million as of Friday's close. Bakkt was spun out of Intercontinental Exchange Inc., the parent of the New York Stock Exchange. TMTG did not return a request for comment. ICE declined to comment. Bakkt has been exploring a potential sale for months, Bloomberg previously reported. Intercontinental Exchange, which owns some of the biggest futures markets as well as the NYSE, launched Bakkt with much fanfare in 2018. The stock had traded at more than $1,000 in October 2021 as cryptocurrency prices approached all-time highs. Less than three years l
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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