Reported 2 months ago
Trump Media & Technology Group's stock surged over 16% after reports revealed it is in advanced negotiations to acquire cryptocurrency exchange Bakkt, which saw its shares skyrocket by over 162%. The stock's rise follows President-elect Trump's positive stance towards cryptocurrencies, highlighted by his attendance at a bitcoin conference and plans for a crypto advisory council. Bakkt has struggled since going public, while Trump’s company faces scrutiny over its financial fundamentals amid a backdrop of rising bitcoin prices.
Source: YAHOO