Stock Surge
Bakkt Holdings Inc. (BKKT) shares soared 162% on Monday, closing at $29.71 after news spread about a buyout deal by Trump Media & Technology Group (DJT).
Buyout Deal
Shares continued to rise by 16.43% in after-hours trading, reaching $34.59. Trump Media, a company 53% owned by Donald Trump, is discussing a deal to acquire all Bakkt shares from Intercontinental Exchange.
Market Impact
This event has generated much excitement in both the stock and crypto markets. If this deal succeeds, it will be a significant move into the crypto sector for Trump, who has licensed his image for various NFT collections.
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