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<ul class="wp-block-list news-points">
 <li>Donald Trump’s Trump Media &amp; Technology Group is planning to acquire the crypto trading firm Bakkt.</li>
 <li>Bakkt stock more than doubled in value, and Trump Media stock surged by nearly 17%.</li>
 <li>Trump Media’s potential acquisition of Bakkt Holdings Inc. would solidify Trump’s ties with the crypto industry</li>
</ul>
The U.S. President-elect Donald Trump’s Trump Media &amp; Technology Group Corp. (DJT) plans to acquire crypto trading firm Bakkt Holdings Inc. (BKKT). Reports of the acquisition sent Trump Media’s stock surging by nearly 17%, while Bakkt’s shares more than doubled before trading was halted due to volatility.
<a href="https://www.ft.com/content/d7f921d5-3668-4b6b-a98d-2681ad73610f" target="_blank" rel="noopener noreferrer nofollow">The Financial Times</a> revealed that Trump Media is advancing toward an all-share purchase deal with Bakkt, describing negotiations as well-developed. Bakkt’s stock skyrocketed by 162%, reaching $29.70, while its market value closed at $155 million on Friday.
<h2 class="wp-block-heading" id="h-bakkt-s-rocky-road-from-1-000-per-share-to-survival-mode">Bakkt’s Rocky Road: From $1,000 Per Share to Survival Mode</h2>
The acquisition represents a dramatic turn for Bakkt, which has faced severe challenges in recent years. Back in October 2021, Bakkt’s stock traded above $1,000 as the crypto market approached all-time highs. However, declining market…
The post <a href="https://coinedition.com/trump-media-targets-bakkt-deal-as-stock-prices-soar-162/" rel="noopener noreferrer nofollow">Trump Media Targets Bakkt Deal as Stock Prices Soar 162%</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Trump Media Targets Bakkt Deal as Stock Prices Soar 162%

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