Republican statesmanlike nominee and erstwhile U.S. President Donald Trump gestures astatine the Bitcoin 2024 lawsuit successful Nashville, Tennessee, U.S., July 27, 2024.
Kevin Wurm | Reuters
Trump Media is reportedly successful "advanced talks" to bargain the cryptocurrency trading steadfast Bakkt, the Financial Times reported Monday, citing 2 radical with cognition of the talks.
The quality sent shares of some companies soaring. Trump Media, the Truth Social relation majority-owned by President-elect Donald Trump, abruptly changeable up arsenic overmuch arsenic 15% minutes aft the FT study was published.
Shares of Bakkt — which was created by Intercontinental Exchange, the proprietor of the New York Stock Exchange — skyrocketed much than 162% amid repeated trading halts owed to volatility.
Trump Media, which appears connected the Nasdaq arsenic DJT, has seen its marketplace capitalization emergence and autumn by billions of dollars successful the run-up to the 2024 statesmanlike election, arsenic retail investors stake connected the Republican's momentum and governmental prospects.
While Trump Media has reported a $363 cardinal nett nonaccomplishment connected revenues of conscionable $2.6 cardinal truthful acold this year, it boasts a marketplace capitalization supra $7 billion.
A Trump Media spokeswoman did not instantly respond to CNBC's petition for comment.
This is breaking news. Please refresh for updates.
English (US)