Bakkt, a cryptocurrency exchange, witnessed a significant surge in its stock prices by 162% on November 18. This increase followed reports indicating that Donald Trump’s company is in the later stages of negotiations to purchase the embattled business. Such a deal, if closed, could potentially revive Bakkt’s fortunes and provide a lifeline amidst its ongoing struggles.
This development highlights the impact of major acquisitions in the crypto industry, especially involving high-profile personalities like Donald Trump. The potential acquisition signals a significant pivot in Bakkt’s strategy and possibly its repositioning in the cryptocurrency market landscape.
Source: cointelegraph.com ↗