Trump Media and Technology Group is in advanced talks to buy Bakkt, the listed crypto firm founded and controlled by New York Stock Exchange owner, Intercontinental Exchange (ICE). That’s according to a report by the Financial Times, citing insider sources. This reinforces reports in June that the company was for sale.
President elect Donald Trump owns 53% of Trump Media, which is the owner of Truth Social, the alternative social media platform he launched after being banned by Twitter before the social media firm was acquired by Elon Musk.
Bakkt’s first CEO was Kelly Loeffler, wife of ICE founder and CEO Jeffrey Sprecher. She is also the co-head of Trump’s inauguration committee. After leaving Bakkt she became a U.S. Senator representing the State of Georgia during Trump’s first presidency.
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