BREAKING: Very Important Development – Donald Trump’s Company is Allegedly About to Buy a Cryptocurrency Trading Company

Bitget App

Trade smarter

Bitcoinsistemi2024/11/18 20:55

By:Mete Demiralp

According to breaking news, Donald Trump's social media company is in advanced talks to acquire Bakkt, a cryptocurrency trading venue owned by the intercontinental exchange.

President-elect Donald Trump's social media company, Trump Media and Technology Group (TMTG), is reportedly in advanced talks to acquire Bakkt, a cryptocurrency trading platform owned by the Intercontinental Exchange (ICE).

Sources familiar with the matter said TMTG was looking to buy all of Bakkt’s shares. The value of the deal remained unclear, with Bakkt’s market value currently at around $150 million.

TMTG, which has an equity value of $6 billion, has seen increased trading activity since Trump’s election victory despite reporting revenue of just $2.6 billion this year. Its high valuation gives the company a strong source of money for acquisitions.

Following the news, Bakkt shares rose by 86% and TMTG shares rose by 14%.

*This is not investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

The UK Insolvency Service has taken a significant step in modernizing its approach to asset recovery by appointing its first cryptocurrency intelligence specialist. This move comes as digital assets, such as Bitcoin and Ethereum, become increasingly prevalent in bankruptcy and criminal investigations.

DeFi Planet•2025/06/10 19:16