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.