Trump’s Social Media Group in Talks to Buy Crypto Platform Bakkt President-elect Donald Trump’s Trump Media & Technology Group is in advanced talks to buy Bakkt, the crypto marketplace backed by the parent company of the New York Stock Exchange, in an all-share deal, the Financial Times reported. Shares of Bakkt surged 162% on Monday after the report, while TMTG, which operates Truth Social, rose 17%. NYSE parent Intercontinental Exchange launched Bakkt in 2018, which went public in 2021. Bakkt has been exploring options including a sales after disclosing in February that it may not be able to continue as a going concern. Kelly Loeffler, former CEO of Bakkt who served as U.S. Senator from Georgia, is a co-chair on Trump’s inauguration committee https://www.ft.com/content/d7f921d5-3668-4b6b-a98d-2681ad73610f?utm_campaign=%5BREBRAND%5D+%5BTI-AM%5D+Th&utm_content=1095&utm_medium=email&utm_source=cio&utm

Nate

a year ago

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Trump’s Social Media Group in Talks to Buy Crypto Platform Bakkt

President-elect Donald Trump’s Trump Media & Technology Group is in advanced talks to buy Bakkt, the crypto  marketplace backed by the parent company of the New York Stock Exchange, in an all-share deal, the Financial Times reported.
Shares of Bakkt surged 162% on Monday after the report, while TMTG, which operates Truth Social, rose 17%. NYSE parent Intercontinental Exchange launched Bakkt in 2018, which went public in 2021. Bakkt has been exploring options including a sales after disclosing in February that it may not be able to continue as a going concern.
Kelly Loeffler, former CEO of Bakkt who served as U.S. Senator from Georgia, is a co-chair on Trump’s inauguration committee

ft.com/content/d7f921d5-3..

 #REAL Truth

www.ft.com

Donald Trump’s social media group in talks to buy crypto trading venue

Truth Social owner is close to an all-share takeover of Intercontinental Exchange’s Bakkt