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Baktt Shares Soar as Reports of Trump Media Acquisition Interest Emerge

By: CryptoCurrencyWire
November 22, 2024 at 07:05 AM EST

Trump Media, known for operating the Truth Social app, is reportedly in advanced discussions to acquire Bakkt, a crypto trading firm, according to sources familiar with the matter.

This news significantly impacted the stock prices of both entities. Trump Media’s shares saw a sharp rise, gaining double-digit increases shortly after the report was released. By the end of the trading day, the company, listed on the Nasdaq under the ticker DJT, recorded a 16% increase in its…

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