A publicly traded cryptocurrency company’s shares have nearly tripled in a month following reports of a potential acquisition by President-elect Donald Trump’s Trump Media & Technology Group (NASDAQ:DJT).
What happened: Bakkt Holdings (NYSE:BKKT) closed at an 11-month high of $32.44 earlier on Monday, marking a staggering 186% jump in a month, between Nov. 15 to Dec. 16. The rally pushed the company’s valuation to $443 million, representing an addition of $288 million.
The positive momentum was imparted by reports that Trump Media & Technology Group was in advanced talks to acquire the company. The official confirmation has yet to be made as of this writing.
See Also:Full story available on Benzinga.com
Trump’s DJT Connection Drives This Lesser-Known Crypto Stock’s Nearly 3X Surge In A Month
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