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Will Trump Media Buy Crypto Firm Bakkt?
Cheddar News
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1 year ago
Is Donald Trump doubling down on the future of crypto? Trump Media is reportedly in "advanced talks" to acquire cryptocurrency trading firm Bakkt.
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00:00
Is Donald Trump doubling down on the future of crypto?
00:03
Trump Media, reportedly in advance talks to acquire cryptocurrency trading firm Bakkt,
00:09
according to the Financial Times.
00:11
The news sent shares of both companies surging, with Trump Media jumping by double digits.
00:16
Bakkt, created by the owner of the New York Stock Exchange, saw its shares skyrocket over 160 percent,
00:23
triggering multiple trading halts due to volatility.
00:27
Former Bakkt CEO, notably Kelly Loeffler, who now co-chairs Trump Inauguration Committee,
00:33
left the company in 2019 to serve as U.S. Senator in Georgia.
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