Republican presidential candidate and former U.S. President Donald Trump makes a gesture during the Bitcoin 2024 event in Nashville, Tennessee, USA on July 27, 2024.
Kevin Worm | Reuters
Trump Media Reportedly in “advanced talks” to acquire the cryptocurrency trading firm BucketFinancial Times report Monday, two people familiar with the matter were quoted as saying.
The news sent shares of both companies soaring. Trump Media, a social operator of truth majority owned by the president-elect Donald TrumpMinutes after the Financial Times report was published, the stock price suddenly soared 15%.
Bakkt Stock — Creator intercontinental exchangeOwner of the New York Stock Exchange — Repeatedly Jumps Over 162% Trading suspended Due to volatility.
Nasdaq-listed Trump Media Inc. (DJT) has seen its market value rise and fall by billions of dollars in the run-up to the 2024 presidential election as retail investors bet on the Republican Party’s momentum and political prospects.
Although Trump media reported that Net loss $363 million The company has generated just $2.6 million in revenue so far this year, but has a market capitalization of more than $7 billion.
A Trump media spokesperson did not immediately respond to CNBC’s request for comment.
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