Bakkt Stock Price Surges Nearly 8%

BlockBeats News, November 19th, Bakkt's stock price rose by 7.69% today, reaching $31.98.

Earlier today, according to the Financial Times, a social media company owned by Trump is in deep negotiations to acquire Bakkt, a cryptocurrency exchange platform owned by Intercontinental Exchange, as the company seeks to expand beyond online conversations. Two people familiar with the negotiations said Trump's media and tech group is close to a full-stock acquisition of Bakkt. The valuation under discussion is currently unclear, but on Monday, Bakkt was valued slightly above $150 million.