The parties are reportedly in advanced stages for an all-stock deal Bakkt disclosed in February that it was experiencing a cash crunch Many crypto users believe the reported acquisition is a positive development Truth Social, President-elect Donald Trump's ...

While Trump Media has reported a $363 million net loss on revenues of just $2.6 million so far this year, it boasts a market cap above $7 billion.

Trump Media is looking to acquire Bakkt’s crypto trading business amid plans of expanding into the crypto market. Reports says Bakkt’s custody unit is not part of the advanced talks. Donald Trump’s crypto footprint would grow with this deal,