Trump Media&Technology Group in talks to buy Bakkt: FT

Investing.com --Donald Trump's social media company, Trump Media&Technology Group is advanced discussions to buy digital asset marketplace Bakkt in an all-stock deal, the Financial Times reported on Monday, citing people familiar with the matter.

Trump's Truth Social platform-parent Trump Media&Technology Group , which as been seeking to diversify its offerings beyond social media, recently launched crypto venture, World Liberty Financial.

President-elect Trump has previously positioned himself as pro-cryptocurrency on the campaign trial, promising to make America the "world capital for crypto and Bitcoin."

Bakkt surged 162% on Monday, while Trump Media&Technology Group Corp (NASDAQ: DJT) was closed up over 16%

You May Also Be Interested In

• Investing.com’s stocks of the week
• Morgan Stanley sees SpaceX $100B Louisiana site as unpriced orbital AI catalyst
• Kepler starts OHB at Buy, calls it a rare play on Europe’s space build-up