🚀 Trump's Media Group Eyes Crypto Expansion!

- Trump Media and Technology Group (TMTG), the parent of Truth Social, is in advanced talks to acquire crypto platform Bakkt, according to the Financial Times.

- The potential all-stock deal would see TMTG absorb Bakkt, valued at over $150 million, despite TMTG's minimal revenue but strong $6 billion equity valuation.

- Bakkt, initially aimed at enabling bitcoin purchases at Starbucks, now focuses on crypto custody and trading.

- Bakkt's crypto custody business will not be part of the acquisition.

- What do you think about Trump's deeper dive into crypto? Share your thoughts below! 💬