Trump's social media group might buy crypto trading firm Bakkt: report [Yahoo! Finance]
Bakkt Holdings, Inc. (BKKT)
Company Research
Source: Yahoo! Finance
Truth Social, is in talks to buy crypto trading firm Bakkt, the Financial Times reported Shares of Bakkt soared after the report on Monday and were up another 14.8% in premarket trading on Tuesday, CNBC reported . Bakkt and Trump Media declined to comment on the talks. Bakkt, founded in 2018 to offer tech services to crypto investors, has had some financial challenges. The Georgia-based firm showed total revenue of $328.4 million and an operating loss of $27.4 million in its latest quarterly report, and said the company “may not be able to continue as a going concern," per CNBC. In March, the company said the New York Stock Exchange had warned that it was at risk of being delisted, CNBC reported. Discussions to purchase the firm are the latest sign that the president-elect's flirtation with the crypto community could get more serious. Trump won support from crypto voters as he pledged on the campaign trail to make the U.S. the "crypto capital of the planet." Crypto is expect
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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