Trump Media group reportedly in talks to buy crypto marketplace Bakkt as bitcoin approaches $100K
Acquisition news correlates positively with Bakkt's stock price performance, similar to past M&A in crypto.
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Acquisition news correlates positively with Bakkt's stock price performance, similar to past M&A in crypto.
What happened, with direct paths to the underlying reporting
TMTG is close to acquiring Bakkt amid rising crypto market post-Trump election. Bakkt's shares surged 162.5% following acquisition reports. Total cryptocurrency market value reached $3.16 trillion; Bitcoin hit $93,000. TMTG shares rose significantly but fell over 7% the following day. Trump's involvement could reduce regulatory restrictions on digital assets.
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