Bakkt Holdings Inc. saw a significant increase in its shares, rising by more than 100%, after reports emerged that Trump Media & Technology Group Corp. is in advanced talks to acquire the digital-asset marketplace.
According to unnamed sources cited by the Financial Times, the potential deal could involve an all-share purchase. This news led to Bakkt"s market capitalization reaching around $155 million.
Both Bakkt and Trump Media have not provided any comments regarding the ongoing negotiations.