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, the truth-based social operator majority-owned by President-elect Donald Trump, suddenly surged as much as 15% within minutes of the Financial Times report.
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 has a net loss of US$363 million so far this year and revenue of only US$2.6 million, its market value exceeds US$7 billion.
A Trump media spokesperson did not immediately respond to CNBC’s request for comment.
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