Stock Track | Trump Media & Technology (DJT) Plunges 5.43% in Pre-market on Possible Bakkt Acquisition, CEO Meeting Rumors-To The Moon - Tiger Brokers Online Investing Community

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Stock Track | Trump Media & Technology (DJT) Plunges 5.43% in Pre-market on Possible Bakkt Acquisition, CEO Meeting Rumors

Stock Track11-19 17:05

Trump Media & Technology Group (DJT) stock experienced a pre-market plunge of 5.43% on Tuesday amidst rumors of a potential acquisition and a CEO meeting with the President-elect.

According to media reports, DJT is in advanced talks to acquire Bakkt Holdings (BKKT), a cryptocurrency trading platform owned by Intercontinental Exchange (ICE). The potential all-share deal could deepen Trump's move into the cryptocurrency market, following his promotion of a new crypto venture with longtime business partners.

Additionally, reports suggest that Coinbase Global CEO Brian Armstrong is expected to meet privately with President-elect Donald Trump on Monday to discuss personnel appointments for his administration. This meeting follows Trump's campaign promise to appoint a council to formulate regulatory guidance on bitcoin and cryptocurrencies.

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