On November 19, news reported by the Financial Times indicates that the Trump Media & Technology Group (TMTG), under incoming U.S. President Donald Trump, is in discussions with the Intercontinental Exchange (ICE) to acquire its cryptocurrency trading platform Bakkt, with the transaction expected to be completed in an all-stock deal. Bakkt currently has a market value of approximately $150 million, while TMTG's equity is valued at up to $6 billion, providing ample capital support for its business expansion.

If this transaction is successful, it will mark Trump's further entry into the cryptocurrency market. In response to this news, Bakkt's stock price surged by 162%, while TMTG's stock price increased by about 16.7%. Additionally, due to expectations of favorable policies following Trump's election victory, Bitcoin prices have risen by over 30%. Bakkt previously planned to shut down its digital asset custody business due to profitability challenges, retaining only the trading platform.