According to BlockBeats news, on November 19, Bakkt’s stock price rose by 7.69% today, temporarily trading at $31.98.
Earlier today, the Financial Times reported that Trump’s social media company is in advanced talks to acquire Bakkt, a cryptocurrency trading platform owned by Intercontinental Exchange, as the company strives to expand its business beyond online conversations. Trump Media and Technology Group is close to acquiring Bakkt for all shares, two people familiar with the negotiations said. It’s unclear what valuation is being discussed, but Bakkt’s market capitalization on Monday was just over $150 million.
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