Trump Media to acquire Bakkt in all-stock deal, marking its first major expansion.

Nov 19, 2024 Nov 19, 2024

Bakkt shares surged 163% to $29.71, while TMTG rose 16% to $32.78 after the acquisition news.

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Trump’s 53% stake in TMTG is worth $3.7B, with TMTG valued at $7B for the Bakkt deal.

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Trump's crypto project, WLF, faced site crashes and revenue issues, raising only $15 million.

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Bakkt’s acquisition could strengthen TMTG’s crypto presence, as Trump’s second venture draws attention.

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