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Bakkt stock surges 162% amid Trump acquisition rumors

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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