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 ...

Bakkt stock surged Monday before making further gains in premarket trading Tuesday as investors cheered the prospect of a Trump Media takeover.

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.