Trump Media in reported talks to buy crypto trading platform Bakkt, sending shares soaring
Former US President Donald Trump’s media venture, TRUTH Social, is reportedly in talks to acquire the cryptocurrency trading platform, Bakkt, according to a recent report published by multiple outlets. Specifics of the deal, including financial details and timeline, remain undisclosed. News of the potential acquisition sent Bakkt’s shares surging as investors anticipated a fusion between the growing digital currency market and media. If confirmed, the acquisition could provide a new avenue for growth for Trump’s media business. However, the move also signals increasing acceptance of cryptocurrencies among mainstream businesses. Please note, developments are currently ongoing, and further updates will be provided as more information becomes available.
