By Investing.com –Donald Trump’s social media company, Trump Media & Technology Group is advanced discussions to buy digital asset marketplace Bakkt in an all-stock deal, the Financial Times reported on Monday, citing people familiar with the matter.
Trump’s Truth Social platform-parent Trump Media & Technology Group , which as been seeking to diversify its offerings beyond social media, recently launched crypto venture, World Liberty Financial.
President-elect Trump has previously positioned himself as pro-cryptocurrency on the campaign trial, promising to make America the “world capital for crypto and Bitcoin.”
Bakkt surged 162% on Monday, while Trump Media & Technology Group Corp (NASDAQ:DJT) was closed up over 16%
This post appeared first on investing.com
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