Overview of Market Movements The potential acquisition of crypto trading firm Bakkt $Bakkt Holdings, Inc.(BKKT)$ by Donald Trump's social media company, Trump Media and Technology Group (TMTG) $Trump Media & Technology(DJT)$ , has triggered a strong rally in Bakkt's stock. Shares of Bakkt skyrocketed 162.5% on Monday and surged an additional 20% in premarket trading on Tuesday, reflecting investor excitement. The merger, if successful, could position Trump at the intersection of crypto innovation and political influence. The announcement also indicates a growing convergence between cryptocurrency and media ventures, sparking optimism in both sectors. Mar
Trump's social media acquires cryptocurrency trading platform Bakkt
Trump Media & Technology Group, a social media company owned by Trump, is in advanced talks to buy cryptocurrency trading platform Bakkt. Trump has pledged to keep 53% of its stake, with valuation and financial terms not disclosed. Bakkt surged more than 163% at the close after experiencing several circuit breakers due to excessive volatility. The relationship behind Trump and Bakkt is extraordinary. Kelly Loeffler, former CEO of Bakkt, is the co-chair of Trump's inaugural committee.